Wall St. Drops On Disappointing News Of IBM results, Housing Data

According to Reuters, The three main indexes fell on Wednesday, a day after their strongest rally in seven months, as IBM snapped a run of strong earnings from blue-chip companies and disappointing housing data dragged down shares of Home Depot and homebuilders.
Strong corporate reports drove Wall Street up more than 2 percent on Tuesday, and some traders said Wednesday’s fall could be due to profit booking as investors fret over tariffs, rising interest rates and wages hitting profits.