Stocks Eked Out Gains, Tech Led

U.S. stocks ended Tuesday’s choppy session with marginal gains, as technology stocks led advances. The Dow Jones Industrial Average gained 3.66 points, or 0.02%, to 17,515.23. The S&P 500 was up 3.13 points, or 0.15%, to 2,022.55. The Nasdaq Composite added 20.46 points, or 0.44%, to 4,654.85.

International Business Machines Corp. on Tuesday reported another quarter of sharply lower profit as revenue fell 12% in the fourth quarter. Overall, IBM reported earnings of $5.48 billion, or $5.51 a share, down from $6.19 billion, or $5.73 a share, a year earlier. Total revenue fell to $24.11 billion.Analysts had expected $5.41 a share on $24.77 billion in revenue.

Netflix Inc. said it added 4.05 million streaming subscribers globally in the fourth quarter, above the company’s estimate of 4 million, boosted by a better-than-expected number of U.S. additions. In the latest quarter, the streaming TV and DVD-by-mail provider added 1.9 million U.S. streaming customers, compared with 2.33 million in the year-earlier quarter and above its forecast for 1.85 million U.S. customers.

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