The cellphone has been more than a cellphone for years, but soon it could take on an entirely new role — standing in for all of the credit and debit cards crammed into wallets. Instead of swiping a plastic card at the checkout counter, consumers would merely wave their phones, the New York Times reports.
CNBC's Jon Fortt takes a look at the biggest drag on the Dow and explains that it's largely due to a downgrade by Bernstein and concerns about problems in the Japanese market. But, since 80 percent of IBM's revenue comes from software and services, it's unlikely the company will be impacted too much.