Dow Up 14; Nasdaq Drops 26

IBM's stock-buyback plan buoys market
By Nick McMaster,  Newser Staff
Posted Oct 27, 2009 3:22 PM CDT
Trader David O'Day works on the floor of the New York Stock Exchange in this undated file photo.   (AP Photo/Richard Drew)
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(Newser) – Stocks were mixed today, with the Dow boosted by IBM after the firm announced a stock-buyback plan amid weakness elsewhere in tech and in consumer discretionary stocks, the Wall Street Journal reports.

  • The Dow rose 14 points to close at 9,882.
  • The Nasdaq lost 26 points to 2,116.
  • The S&P 500 fell 4 points to 1,063.