NEW YORK (
) -- Stocks were mixed Friday
Dow Jones Industrial Average
dropped 74.17 points, or 0.58%, to 12,660.46 Friday. The
fell 2.11 points to 1,316.32 and the
rose 11.27 points to 2,816.55.
Breadth within the Dow was negative with 27 of the 30 components posting losses.
The biggest percentage decliners among the blue chips were
Chevron declined 2.47% to $103.96. Early Friday, the oil giant reported fourth-quarter profit of $5.1 billion, or $2.58 a share, down from $5.3 billion, or $2.64 a share, a year earlier and below analysts' expectations of $2.85 a share.
were $5.7 billion, down from $6.2 billion the previous year.
gives Chevron an A grade and a buy rating with a
Cisco shares fell 1.36% to $19.56 after competitor
issued weak first-quarter guidance. Analysts, however, believe Cisco may be taking market share away from
Cisco gets a B grade and a buy rating from
Exxon Mobil shares dropped 1.08% to $85.83.
gives Exxon Mobil a B+ grade and a buy rating with a
were the biggest percentage gainers among the blue chips, although both stocks rose less than 1%.
Written by Alexandra Zendrian
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