Chevron, Pfizer: Dow Movers
The Dow Jones Industrial Average rose 19.98 points, or 0.16%, to close at 12,855.04. The S&P 500 gained 3.41 points to 1358 and the Nasdaq Composite fell 1.07 points to 2933.64.
Breadth within the Dow was positive with 19 of the index's 30 components posting gains.
Shares of Pfizer gained 1.65% to $22.82. The drug maker is giving up on marketing Lipitor in light of more generic versions of the cholesterol-fighting drug coming to the market, The Wall Street Journal reported on Wednesday.
The stock has risen 5.45% year to date.
Shares of Chevron rose 1.55% to $103.36. The stock has fallen 2.86% year to date.
The biggest laggard in in the index was Cisco(CSCO) . The stock lost 10.5% to close at $16.81.
The networking giant gave a weak outlook after Wednesday's closing bell, forecasting fiscal fourth-quarter revenue to increase between 2% and 5% from the prior year, below analysts' expectations for 7% growth.
Cisco's stock has declined 6.91% year to date.
--Written by Alexandra Zendrian in New York.
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