IBM, United Tech results pull down Dow, S&P 500

Weak results from IBM and United Technologies weighed on the Dow and the S&P 500 while the Nasdaq Composite hovered near record levels ahead of a raft of earnings from tech giants including Apple and Microsoft . United Technologies fell as much as 6.6 percent to $103.18 and was the biggest loser on the Dow, after the company cut its full-year profit outlook. On Monday, the Nasdaq composite touched a new intra-day high for the third straight day while the S&P 500 was just shy of its all-t