NEW YORK (
) -- U.S. stocks finished Wednesday lower
Dow Jones Industrial Average
fell 27.02 points, or 0.21%, to 12,938.67. The
dropped 4.55 points to 1,357.66 and the
posted a loss of 15.4 points to end the day at 2,933.17.
Breadth within the Dow was negative with 20 of the index's 30 components posting losses.
The biggest decliners in the index were
Bank of America
Wal-Mart shares dropped 2.45% to $58.60. On Tuesday morning, the world's largest retailer reported fourth-quarter earnings of $5.2 billion, or $1.51 a share, up from year-ago earnings of $5 billion, or $1.41 a share.
reports its fourth-quarter results Thursday. Analysts, on average, anticipate earnings of $1.40 a share on $21.2 billion in revenue.
gives Wal-Mart an A- grade with a buy rating and
Bank of America shares fell 1.97% to $7.95. The stock has risen 45% in 2012, prompting questions about whether investors should think about
Rochdale Securities banking analyst Dick Bove, however, thinks Bank of America shares
Bank of America gets a
and sell rating from
Intel shares fell following technology rival
on Tuesday. Dell reported earnings of 51 cents a share on revenue of $16.01 billion; analysts were expecting profit of 52 cents a share on revenue of $15.96 billion.
Shares of Intel fell 1.58% to $26.73.
gives Intel an A+ grade with a buy rating and a
The biggest gainer in the index was
. Shares rose 81 cents to $115.81.
Written by Alexandra Zendrian in New York
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