Stocks Ended Mixed as Oil Resumes Slid

U.S. stocks closed mixed on Tuesday, as the main indexes struggled to regain momentum following a renewed rout in oil prices. The
Dow Jones Industrial Average added 27.94 points, or 0.17%, to 16,016.02. The S&P 500 was up 1.00 point, or 0.05%, to 1,881.33. TheNasdaq Composite was down 11.47 points, or 0.26%, to 4,476.95.

West Texas Intermediate oil prices fell on Tuesday, with front-month futures settling below $29 a barrel. February West Texas Intermediate crude fell by 96 cents, or 3.3%, to settle at $28.46 a barrel on the New York Mercantile Exchange. That was the lowest settlement for a front-month contract since September 2003.

International Business Machines Corp reported a 8.5 percent fall in quarterly revenue as a strong dollar and tepid IT spending
weighed on the Big Blue’s results. Revenue dropped to $22.06 billion in the quarter ended Dec. 31, from $24.11 billion. Revenue
adjusted for currency fell 2 percent.

Video-streaming service Netflix Inc’s quarterly subscriber additions topped its expectations, boosted by strong international growth,sending its shares up 8 percent in extended trading. It added 5.59 million subscribers in the three months ended Dec. 31, higher thanits forecast of 5.15 million.

Advanced Micro Devices Inc. shares dropped in the extended session Tuesday after the chip maker’s forecast revenue range for the
first quarter mostly fell below the Wall Street consensus. The company estimated first-quarter revenue would decline 14%, plus or
minus 3 percentage points, from the year-ago quarter.