Poor Intel, IBM earnings lower US stocks

US stocks fell in opening trade on Wednesday after two days of solid gains, dragged down by disappointing earnings from Intel and IBM.

Five minutes into trade, the Dow Jones Industrial Average was down 46.02 points (0.34 per cent) to 13,505.76.

The broad-based S&P 500 slipped 0.79 (0.05 per cent) to 1454.13, while the tech-rich Nasdaq fell 11.47 (0.37 per cent) to 3089.70.

Intel shares fell 3.4 per cent and IBM 4.0 per cent after their disappointing third-quarter reports following the close of trade on Tuesday.

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