NEW YORK (
TheStreet) -- U.S. stocks finished Tuesday mixed following positive earnings from
(T - Get Report) while
consumer confidence fell a little below expectations.
Dow Jones Industrial Average rose 74.39 points, or 0.58%, to 13,001.56 on Tuesday. The
S&P 500 increased 5.03 points to 1,371.97 and the
Nasdaq Composite dropped 8.85 points to 2,961.60.
Breadth within the Dow was positive with 24 of the index's 30 components posting gains.
(MRK) ended Tuesday flat.
The biggest gainers in the Dow were
(GE - Get Report) and
(VZ - Get Report).
Shares of AT&T climbed 3.63% to $31.72. The telecommunication company's first-quarter earnings beat Wall Street's expectations. AT&T reported profit of 60 cents a share,
; analysts were looking for earnings of 57 cents.
gives AT&T a B grade with a buy rating and
General Electric shares increased 2.46% to $19.54.
raised their prices targets on the stock following General Electric's first-quarter earnings on Friday. Both Goldman Sachs' Terry Darling and William Blair's Nick Heymann increased their price targets to $22 from $21.
gives General Electric a B grade with a buy rating and
Shares of Verizon gained 2.41% to $39.50.
gives Verizon an A- grade with a buy rating and
Though not one of the biggest gainers, 3M shares increased 1.56% to $88.49. The Scotch tape maker's first-quarter earnings beat analysts' estimates and the company raised the
of its full-year guidance.
3M reported first-quarter earnings of $1.12 billion, or $1.59 a share, up from year-earlier earnings of $1.08 billion, or $1.49. The first quarter included a one-time charge of 4 cents a share. Analysts, on average, were expecting earnings of $1.49 a share.
The company lifted the low end of its 2012 profit outlook to $6.35 to $6.50 a share from earlier estimates of $6.25 to $6.50 a share.
gives 3M an A- grade with a buy rating and
The largest percentage decliners in the index Tuesday were
(WMT - Get Report)
Shares of Wal-Mart fell 2.97% to $57.77. The stock extended
in the wake of revelations that company executives were involved in the bribery of Mexican officials.
gives Wal-Mart an A grade with a buy rating and
Cisco shares dropped 1.32% to $19.42.
gives Cisco a B grade with a buy rating and
Written by Alexandra Zendrian in New York
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