This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

McDonald's, Bank of America, Cisco: Dow Movers

NEW YORK ( TheStreet) -- U.S. stocks finished Tuesday down on concerns over a possible debt default by Greece.

The Dow Jones Industrial Average fell 76.52 points, or 0.59%, to 12,932.01. The S&P 500 lost 5.86 points to 12,932.01 and the Nasdaq Composite dropped 11.49 points to 2,946.27.

Breadth within the Dow was negative with 25 of the index's 30 components posting losses.

The biggest laggards in the Dow Tuesday included Bank of America (BAC - Get Report), McDonald's (MCD - Get Report) and Cisco (CSCO - Get Report).

Shares of Bank of America fell 2.14% to $7.79. CEO Brian Moynihan has to give testimony before May 18 related to a lawsuit from MBIA (MBI).

The settlement in this case, if reached, is expected to be about $2 billion. MBIA sued Countrywide Financial, which was bought by Bank of America, over issues related to the securitization of residential mortgages.

The bank's stock has risen 40.11% year to date.

McDonald's shares lost 2.05% to $93.55. The fast food chain's April global same-store sales increased 3.3% in April, but missed the company's forecast of a 4% rise.

McDonald's stock has fallen 6.8% year to date.

Shares of Cisco dropped 1.94% to $18.71. The company is scheduled to report its fiscal third-quarter results after Wednesday's closing bell. Analysts, on average, anticipate earnings of 47 cents a share on revenue of $11.57 billion.

The stock has risen 3.48% year to date.

The only Dow component that posted a gain of more than 1% was Walt Disney (DIS). Shares increased 1.1% to $44.30.

After the close, the media and entertainment conglomerate topped Wall Street's expectations for its second-quarter results, posting an adjusted profit of 58 cents a share, 3 cents ahead of consensus, posting strong year-over-year revenue across its park and resorts, media networks and consumer products businesses. The stock rose another 1.5% in extended trades.

-- Written by Alexandra Zendrian in New York.

>To contact the writer of this article, click here: Alexandra Zendrian

>To submit a news tip, send an email to:

>To follow the writer on Twitter, go to Alexandra Zendrian.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
BAC $15.52 0.00%
CSCO $27.85 -0.39%
MCD $103.38 0.14%
AAPL $111.79 0.17%
FB $94.12 -0.15%


Chart of I:DJI
DOW 17,081.89 -49.97 -0.29%
S&P 500 2,014.89 +15.91 0.80%
NASDAQ 4,796.6090 -42.0340 -0.87%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs