Dow Watch: Gains for Disney, BofA

Updated from 3:41 p.m. EDT

Yesterday Was Better

(At 5:20 p.m. EDT)

Can't go up every day, I suppose. The Dow Jones Industrial Average fell for the first time this month Tuesday, closing down 16.09 points, or 0.2%, at 8410.65.

Fine, I realize this is only the third trading day of the month, but we had something good going there. Now it's gone.

No need to panic though. All told, the index never did much from start to finish, trading between 8363 and 8458. Of the 30 industrials, 18 fell, 11 rose and one, GE (GE), was unchanged.

Bank of America (BAC), better by 4.4% at $10.84, had the biggest gain, followed by a 4% increase for Kraft (KFT) to $25.22. Citigroup (C) rose 3.4% to $3.31.

On the losing side, JPMorgan Chase (JPM) fell 2.7% to $34.82, and American Express (AXP) gave back 2.6% to $26.57.

Following the close, we got something we've seen a lot from the Dow components this quarter -- profits fell, though they were better than forecast, while revenue was weaker than expected. This time it was Disney (DIS).

The company earned 43 cents a share, on an adjusted basis, for the latest quarter, topping estimates by 3 cents. Revenue, however, was just slightly light, falling 7% to $8.09 billion. As for its segments, revenue rose at media networks and consumer products, but fell at parks, the studio division and interactive media.

Shares of Disney were up in the after market, rising 2.4% to $23.70. In regular trading, the stock advanced 1.3% to $23.15. We'll see if it can help out again tomorrow.