GE, JPMorgan, McDonald's: Dow Midday Movers
NEW YORK (TheStreet) -- U.S. stocks lost ground Wednesday as investor concerns continued over the eurozone debt crisis.
The Dow Jones Industrial Average fell 97 points, or 0.75%, to finish at 12,835. The S&P 500 dropped 9.14 points to settle at 1,354.58 and the Nasdaq Composite lost 11.56 points to close at 2,934.71.
Breadth within the Dow was negative with 24 of the index's 30 components posting losses.
United Technologies' shares was the index's biggest loser, falling 2.3% to $77.01. The stock has risen 5.36% year to date.
Shares of McDonald's fell 1.73% to $91.93. The fast food chain said Tuesday that global same-store sales in April rose 3.3%. Previously, McDonald's had anticipated sales would rise about 4%.
The stock has declined 8.37% year to date.
Shares of General Electric dropped 1.77% to $18.91. The stock has risen 5.58% year to date.
JPMorgan shares lost 1.79% to $40.64. Stock of the bank has gained 22.23% year to date.
The biggest percentage gainer in the index was Walt Disney(DIS) . Shares rose 1.6% to $45.02.
Disney's stock hit a 52-week high Wednesday of $45.80. The stock's 52-week low of $28.19 was set on Oct. 4.
The media and entertainment company reported Tuesday second-quarter revenue of $9.63 billion, up 6% from last year and above analysts' consensus view of $9.56 billion.
Disney's stock has risen 20.05% year to date.
--Written by Alexandra Zendrian in New York.