Disney, Bank of America, American Express: Dow Midday Movers - TheStreet

NEW YORK (

TheStreet

) -- U.S. stocks were falling midday Thursday as initial jobless claims came in

higher than expectations

.

The

Dow Jones Industrial Average

fell 75.72 points to 13,050.49. Leading the Dow lower were

Walt Disney

(DIS) - Get Report

,

Bank of America

(BAC) - Get Report

and

American Express

(AXP) - Get Report

.

Shares of Walt Disney fell 2.55% to $42.40.

News Corp

(NWSA) - Get Report

is working on creating a rival to Disney's

ESPN

, says a report.

TheStreet Ratings

gives Walt Disney an A+ grade with a buy rating and a

$50

price target.

Bank of America shares lost 2.77% to $9.48. The bank's CEO, Brian Moynihan, saw his pay in both cash and stock increase

$8.1 million

in 2011.

Bank of America gets a

C- grade

and a hold rating from

TheStreet Ratings

.

Shares of American Express fell 2.59% to $57.53. The credit card company was

downgraded

by Wells Fargo analysts Thursday to market perform from outperform.

TheStreet Ratings

gives American Express an A+ grade with a buy rating and a

$67.82

price target.

The biggest gainers in the index midday Thursday were

McDonald's

(MCD) - Get Report

,

IBM

(IBM) - Get Report

and

Coca-Cola

(KO) - Get Report

, each with gains of less than 1%.

-- Written by Alexandra Zendrian

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

Alexandra Zendrian

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

tips@thestreet.com

.

>To follow the writer on Twitter, go to

Alexandra Zendrian

.