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), Bank of America ( BAC) and American Express ( AXP).
Shares of Walt Disney fell 2.55% to $42.40. News Corp ( NWSA) 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), IBM ( IBM) and Coca-Cola ( KO), 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: firstname.lastname@example.org. >To follow the writer on Twitter, go to Alexandra Zendrian.