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Stocks Holding to Upside

The major indices were holding their gains after some early flat-lining. Toyota is among the individual losers.

Updated from 11:59 a.m. EDT

Stocks in the U.S. were holding to tentative gains Thursday as traders absorbed a swath of retail data, analyst calls and more earnings.


Dow Jones Industrial Average

was adding 39 points to 12,854, and the

S&P 500

was up 2 points at 1394. The


was tacking on 9 points at 2448.

A slight rebound from the previous down session was holding as investors absorbed a

new round of retail data

Thursday morning.


(WMT) - Get Walmart Inc. Report

was among the gainers, rising about 1.2% after saying its April same-store sales climbed 3.2% last month, excluding fuel sales, a result that topped expectations.

Total sales for the month climbed 9.8% to $29.18 billion. The world's biggest retailer was just one of many U.S. chain stores reporting numbers during the morning.

TheStreet Recommends


(COST) - Get Costco Wholesale Corporation Report

said comps were up 8% last month, but



had a same-store sales decline of 5%.

BJ's Wholesale

(BJ) - Get BJ's Wholesale Club Holdings, Inc. Report

had an increase of 17.8% in comps, and at


(MCD) - Get McDonald's Corporation Report


same-store sales rose 5% worldwide last month



(GPS) - Get Gap, Inc. Report

was also a positive, lifting its first-quarter profit forecast.

In earnings-related moves,


(TM) - Get Toyota Motor Corp. Report

shares were sagging 4.3% on the specter of an annual profit decline. The automaker Thursday reported a

28% drop in net income

for the fiscal fourth quarter and said it expects its current fiscal year profit to drop 27%.


(TM) - Get Toyota Motor Corp. Report

, meanwhile, was trading up 2%.

Among the analyst actions, Merrill Lynch downgraded a number of airlines, cutting


(DAL) - Get Delta Air Lines, Inc. Report





US Airways







(CAL) - Get Caleres, Inc. Report

to neutral from buy.

Crude oil, after an initial foray higher, was retreating 47 cents at $123.06 a barrel in New York. Gold was up $14.80 at $886.00 an ounce.

In Treasuries, the 10-year was yielding 3.84%.

Overseas, stocks were mostly to the downside. Tokyo's Nikkei lost 1.1% to 13,943, and Hong Kong's Hang Seng fell 0.6% to 25,450. In Europe, the London FTSE edged lower to 6260, and the Paris Cac was off 0.5% at 5049. Frankfurt's Xetra Dax shed 0.4% to 7051.

This article was written by a staff member of