Closing Bell: Caterpillar Boosts the Dow; S&P 500 Drops as Financials Weigh

Stocks end a jumpy day little changed as financials weigh on the S&P 500 and Nike and Disney hoist the Dow higher.
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Stocks ended a jumpy day little changed as financials weighed on the S&P 500 and Nike (NKE) - Get Report and Disney (DIS) - Get Report hoisted the Dow Jones Industrial Average higher for most of the day. Crude slumped to its lowest level in almost a week. Caterpillar (CAT) - Get Report was the best performer on the Dow after posting a smaller drop in sales over the three months to February. The heavy machinery maker reported a 1% decline, its smallest since the end of 2012. Movado (MOV) - Get Report jumped even after missing profit and sales estimates over its fourth quarter. Sales fell nearly 9%, while net income missed consensus by a penny. Full-year earnings guidance also came in on the weak side. Tiffany (TIF) - Get Report rose after William Blair analysts upgraded their rating to OUTPERFORM from MARKET PERFORM. The firm said the retailer's business had stabilized.