AT&T, GE, Verizon: Dow Movers
The Dow Jones Industrial Average rose 74.39 points, or 0.58%, to 13,001.56 on Tuesday. The S&P 500 increased 5.03 points to 1,371.97 and the Nasdaq Composite dropped 8.85 points to 2,961.60.
Breadth within the Dow was positive with 24 of the index's 30 components posting gains. Merck(MRK) ended Tuesday flat.
Shares of AT&T climbed 3.63% to $31.72. The telecommunication company's first-quarter earnings beat Wall Street's expectations. AT&T reported profit of 60 cents a share, excluding items; analysts were looking for earnings of 57 cents.
TheStreet Ratings gives AT&T a B grade with a buy rating and $35.50 price target.
General Electric shares increased 2.46% to $19.54. Two analysts raised their prices targets on the stock following General Electric's first-quarter earnings on Friday. Both Goldman Sachs' Terry Darling and William Blair's Nick Heymann increased their price targets to $22 from $21.
TheStreet Ratings gives General Electric a B grade with a buy rating and $22.11 price target.
Shares of Verizon gained 2.41% to $39.50. TheStreet Ratings gives Verizon an A- grade with a buy rating and $45.15 price target.