BUZZ-U.S. STOCKS ON THE MOVE-IBM, Zafgen, FireEye, Fortinet
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U.S. stock indexes fell sharply on Wednesday as crude oil prices tumbled to new lows and fears of slowing growth continued to gnaw at investors. The Dow Jones industrial average was down 2.58 percent at 15,603.38 and the S&P 500 was down 2.77 percent at 1,829.21
** GOLDMAN SACHS GROUP INC, $153.87, -1.88 pct
The investment bank's profit slumped for the third straight quarter as a $5 billion settlement of crisis-era legal claims ate into earnings in a tumultuous three months.
** INTERNATIONAL BUSINESS MACHINES CORP, $122.3, -4.54 pct
The world's largest technology services company forecast weak earnings for this year after reporting an 8.5 percent fall in fourth-quarter revenue as a strong dollar and tepid IT spending weigh on Big Blue's results.