NEW YORK (
TheStreet) -- U.S. stocks finished Wednesday lower
amid weak Chinese and European manufacturing data and ongoing questions about Greece's stability.
Dow Jones Industrial Average fell 27.02 points, or 0.21%, to 12,938.67. The
S&P 500 dropped 4.55 points to 1,357.66 and the
Nasdaq Composite posted a loss of 15.4 points to end the day at 2,933.17.
Breadth within the Dow was negative with 20 of the index's 30 components posting losses.
The biggest decliners in the index were
(INTC - Get Report),
(WMT - Get Report) and
Bank of America
(BAC - Get Report).
Wal-Mart shares dropped 2.45% to $58.60. On Tuesday morning, the world's largest retailer reported fourth-quarter earnings of $5.2 billion, or $1.51 a share, up from year-ago earnings of $5 billion, or $1.41 a share.
reports its fourth-quarter results Thursday. Analysts, on average, anticipate earnings of $1.40 a share on $21.2 billion in revenue.
gives Wal-Mart an A- grade with a buy rating and
Bank of America shares fell 1.97% to $7.95. The stock has risen 45% in 2012, prompting questions about whether investors should think about
booking some profits
Rochdale Securities banking analyst Dick Bove, however, thinks Bank of America shares
can climb to $30 in the next four years
Bank of America gets a
and sell rating from
Intel shares fell following technology rival
fourth-quarter earnings miss
on Tuesday. Dell reported earnings of 51 cents a share on revenue of $16.01 billion; analysts were expecting profit of 52 cents a share on revenue of $15.96 billion.
Shares of Intel fell 1.58% to $26.73.
gives Intel an A+ grade with a buy rating and a
The biggest gainer in the index was
(CAT - Get Report)
. Shares rose 81 cents to $115.81.
Written by Alexandra Zendrian in New York
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