IBM Accounts For The Entire Upward Move In Dow Jones Index Today

Tyler Durden's picture

Wondering why with the S&P and Nasdaq both down, the DJIA is up 60 points? Wonder no more: courtesy of a few strategic index-weighing calculations, IBM is responsible for 59.4 DJIA points, or virtually the entire up move in the most popular stock index. One company, the one which Warren Buffett so strategically picked last year to invest in, now biases the entire market to make it seem that "all is fine."

Chart: Bloomberg