IBM shares shed 2% Wednesday, and at least three Wall Street analysts cut their ratings on Big Blue's stock after the technology giant reported a drop in new services contracts and weakness in the U.S. market. IBM saw its shares fall by $2.11, to $95.02, one day after delivering first-quarter results on Tuesday. IBM had a relatively upbeat quarter, with earning that rose 8%, to $1.84 billion, or $1.21 a share, compared with $1.71 billion, or $1.08 a share a year ago.

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