Dow jumps nearly 100 points on gains in shares of IBM, Cisco

DOW UPDATE

Shares of IBM and Cisco are seeing positive momentum Thursday morning, propelling the Dow Jones Industrial Average into positive territory. The Dow (DJIA) is trading 98 points higher (0.3%), as shares of IBM (IBM) and Cisco (CSCO) are contributing around a quarter of the index’s intraday rally. IBM’s shares have risen $9.41, or 7.6%, while those of Cisco have risen $0.74, or 1.9%, combining for a roughly 67-point boost for the Dow. American Express (AXP) Chevron (CVX) and Travelers (TRV) are also contributing significantly to the gain. A $1 move in any of the index’s 30 components equates to a 6.58-point swing.

Editor’s Note: This story was auto-generated by Automated Insights using data from Dow Jones and FactSet. See our market data terms of use.

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