Alcoa, Kraft, Chevron: Dow Movers
NEW YORK (
) -- Stocks finished mixed Tuesday after
investors cheered a second bailout package for Greece
.
The
Dow Jones Industrial Average
rose 15.82 points, or 0.12%, to 12,965.69. The blue-chip index rose as high as 13,004.97 in intraday action, cresting above 13,000 for the first time since May 2008 before the financial crisis hit later that year. The
S&P 500
increased 0.98 points to 1,362.21 and the
Nasdaq Composite
fell 3.21 points to 2,948.57.
Breadth within the Dow was positive with 19 of the index's 30 components posting gains.
|
The biggest percentage gainers in the Dow were
Alcoa
(AA) - Get Report
,
Chevron
(CVX) - Get Report
and
Kraft
(KFT)
.
Shares of Alcoa rose 2.56% to $10.41. The aluminum company announced Tuesday it completed a joint venture agreement with China Power Investment to create high-end fabricated aluminum products for the Chinese market.
TheStreet Ratings
gives Alcoa a
and rates it a hold.
Kraft Foods shares rose 1.47% to $38.57. The company reported fourth-quarter adjusted earnings of
57 cents a share on revenue of $14.7 billion
on Tuesday. Analysts, on average, expected a profit of 57 cents a share on revenue of $14.79 billion.
Kraft Foods gets an A+ grade from
TheStreet Ratings
with a buy rating and
price target.
Shares of Chevron increased 1.64% to $108.41. Chevron gets an A grade from
TheStreet Ratings
with a buy rating and
price target.
The biggest decliners in the index Tuesday were
Wal-Mart
(WMT) - Get Report
and
Merck
(MRK) - Get Report
.
Wal-Mart's shares fell 3.97% to $60 after the retailer missed analysts' expectations in the fourth quarter as lower prices cut into company margins.
The retailer reported fourth-quarter profit of
$1.44 a share on revenue of $122.28 billion
. Analysts expected earnings of $1.46 a share on revenue of $124.21 billion.
TheStreet Ratings
gives Wal-Mart an A- grade and a
price target.
Merck shares fell 1.12% to $38.13.
--
Written by Alexandra Zendrian in New York
.
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