NEW YORK (TheStreet) -- Stocks moved off session lows by mid-morning Tuesday but remained down as factory orders saw a surprise decline in April and as Greece debt talks continued with no clear resolution in sight.

The S&P 500 fell 0.15%, the Dow Jones Industrial Average slipped 0.1%, and the Nasdaq slid 0.17%.

Intel (INTC) dragged on the Dow, falling 2% after BMO Capital downgraded the chipmaker to "market perform." BMO analysts said they believe Altera  (ALTR) is worth less than what Intel paid for the company. Click here for more.

Factory orders in April declined 0.4%, a disappointing result after jumping 2.1% in March. Economists had expected the measure to remain unchanged. 

European markets declined Wednesday after Greece submitted its latest list of reforms to creditors, though sources have told Reuters that the plan offers no major new concessions. Leaders of Germany, France and a number of Greece's other international creditors said on Monday they would work with "real intensity" to seal a deal to prevent Athens from defaulting.

"We have submitted a realistic plan for Greece to exit the crisis," Greece's Prime Minister Alexis Tsipras told reporters. "A realistic plan, whose acceptance by the institutions, our lenders and our partners in Europe will mark the end of the scenario of divisions in Europe."

Trouble in Greece is reaching a boiling point as the debt-ravaged country faces a repayment to the International Monetary Fund on Friday of 300 million euros ($329 million). In total, Greece needs to repay the IMF nearly 1.6 billion euros ($1.75 billion) this month.

Ford (F) shares were higher after sales in May fell at a slower-than-expected pace. Auto sales slid 1.3% to 250,813 units in May, a far narrower drop than an expected 3.3% decline.

General Motors (GM) added 0.4% after reporting a 3% increase in U.S. auto sales, compared to an expected 1% decline.

Fiat Chrysler (FCAU) reported a 4% increase in U.S. auto sales to 202,227 units. Analysts expected sales to increase 2.6%.

Dollar General (DG) rose 3.2% after beating analysts' quarterly estimates on its bottom line. The discount retailer earned 84 cents a share in its first quarter, 3 cents higher than expected, while same-store sales rose 3.7%.

Medtronic (MDT) slipped despite a better-than-expected fourth quarter. The medical equipment developer earned $1.16 a share, a nickel above estimates, while revenue of $7.3 billion surged 59.7% from a year earlier.

Cracker Barrel (CBRL) jumped nearly 4% after reporting a 23% increase in quarterly earnings in its most recent quarter. The restaurant chain also boosted its full-year profit guidance to $6.60 to $6.70 a share, up from previous guidance of $6.40 to $6.50. 

Plug Power (PLUG) added 4.4% after the alternative fuel-cell developer announced an expansion contract with Wal-Mart (WMT) Canada to provide 124 GenDrive fuel cells to its Alberta distribution center.

Apple (AAPL) is reportedly nearing the launch of a new subscription music-streaming service, according to The Wall Street Journal. The tech giant will likely unveil the revamped Beats Music service at the June 8-12 WWDC conference.

Delta Air Lines (DAL) fell after reporting disappointing May traffic results. The airline reported a load factor of 85.4% compared to 86.5% a year earlier. Capacity rose 4%.

GeekNet (GKNT) backed out of a deal to be acquired by Hot Topic to take a higher bid from GameStop (GME). GameStop has offered the online retailer a deal worth $140 million, below Hot Topic's $122 million offer. 

Youku Tudou (YOKU) climbed more than 10% after the Chinese internet company formed a partnership with Disney (DIS) to develop a joint Marvel online movie marketing program. 

Wal-Mart (WMT) reportedly will begin a second phase of wage hikes in July, according to The Associated Press. The first phase increased average hourly rates to $13 an hour.

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