Shares of IBM fell sharply Friday, part of the fallout from Accenture's weak outlook.
Both companies are heavily invested in data analysis so any sign of weakness from either one raises worries about a broader slowdown in the sector.
Accenture cut its earnings outlook for the year and trimmed its revenue forecast for the fourth quarter.
A slew of analysts were quick to downgrade Accenture.
The sell-off in IBM shares was also weighing on the Dow Friday -- the last day of an otherwise rocky quarter.
All of that gave StockTwits users plenty to ponder.
Just what I was thinking today. Apple (AAPL) just can't seem to stay above $400 and today, it's close to touching a new 52-week low. Innovation is the name of the game there.
Yeah, UBS was just one of a number of analysts to come out with some words of caution for investors. Now might be a good time to tap on those breaks.
Hmm, that's an interesting comparison but let's look a little further out. The VIX is up more than 30% this quarter, while IBM is down less than 10%.
That's just unfortunate timing. Stocks have been under pressure for most of the day, with IBM the biggest drag on the Dow 30.
Not a member yet?Sign up now for a free account
|NJ agrees to ban Tesla direct sales|
|Five predictions for the World Wide Web that were way, way, way off|
|West prepares sanctions against Russia over Ukraine|
|Fannie Mae, Freddie Mac stock hit by proposal to close them|
|4.2 million have signed up for Obamacare as open enrollment nears close.|