Travelers, McDonald's, Verizon: Dow Movers
NEW YORK (
) -- Stocks were mixed Tuesday as Wall Street dealt with
a setback on debt restructuring talks in Greece
.
The
Dow Jones Industrial Average
fell 33.07 points, or 0.26%, to 12,675.75 Tuesday. The
S&P 500
dropped 1.37 points to 1,314.63, while the
Nasdaq Composite
rose 2.47 points to 2,786.64.
Breadth within the Dow was negative with 17 of the index's 30 components posting losses.
Merck
(MRK) - Get Report
,
Walt Disney
(DIS) - Get Report
and
JPMorgan Chase
(JPM) - Get Report
finished flat.
The weakest blue chips were
Travelers
(TRV) - Get Report
,
McDonald's
(MCD) - Get Report
and
Verizon
(VZ) - Get Report
; each of which reported quarterly results on Tuesday.
Travelers declined 3.8% to $58.00.
Catastrophe losses took a bite out of the insurer's fourth-quarter profit
.
The company reported net income of $618 million, or $1.51 a share, for the December-ended period, down from $894 million, or $1.95 a share, a year ago.
Travelers gets a B grade from
TheStreet Ratings
with a price target of
.
Shares of McDonald's fell 2.18% to $98.75. The fast-food chain reported a fourth- quarter
profit of $1.38 billion, or $1.33 a share, on revenue of $6.82 billion
.
TheStreet Ratings
gives McDonald's an A+ grade with a price target of
Verizon shares decreased 1.59% to $37.79. Its fourth-quarter
revenue hit a record but the company missed analysts' expectations
. On a GAAP basis, the telecommunications company reported a loss of 71 cents a share, a reversal from year-earlier earnings of 93 cents.
Verizon gets an A- grade from
TheStreet Ratings
with a price target of
IBM
(IBM) - Get Report
,
Intel
(INTC) - Get Report
,
United Technologies
and
Wal-Mart
(WMT) - Get Report
were the largest gainers Tuesday. IBM and United Technologies were each up more than 1%.
--
Written by Alexandra Zendrian in New York.
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