Alcoa, Kraft, Chevron: Dow Movers
NEW YORK (TheStreet) -- Stocks finished mixed Tuesday after investors cheered a second bailout package for Greece.
The Dow Jones Industrial Average rose 15.82 points, or 0.12%, to 12,965.69. The blue-chip index rose as high as 13,004.97 in intraday action, cresting above 13,000 for the first time since May 2008 before the financial crisis hit later that year. The S&P 500 increased 0.98 points to 1,362.21 and the Nasdaq Composite fell 3.21 points to 2,948.57.
Breadth within the Dow was positive with 19 of the index's 30 components posting gains.
Shares of Alcoa rose 2.56% to $10.41. The aluminum company announced Tuesday it completed a joint venture agreement with China Power Investment to create high-end fabricated aluminum products for the Chinese market.
TheStreet Ratings gives Alcoa a C- grade and rates it a hold.
Kraft Foods shares rose 1.47% to $38.57. The company reported fourth-quarter adjusted earnings of 57 cents a share on revenue of $14.7 billion on Tuesday. Analysts, on average, expected a profit of 57 cents a share on revenue of $14.79 billion.
Kraft Foods gets an A+ grade from TheStreet Ratings with a buy rating and $46.46 price target.
Shares of Chevron increased 1.64% to $108.41. Chevron gets an A grade from TheStreet Ratings with a buy rating and $138.98 price target.
Wal-Mart's shares fell 3.97% to $60 after the retailer missed analysts' expectations in the fourth quarter as lower prices cut into company margins.
The retailer reported fourth-quarter profit of $1.44 a share on revenue of $122.28 billion. Analysts expected earnings of $1.46 a share on revenue of $124.21 billion.
TheStreet Ratings gives Wal-Mart an A- grade and a $71.66 price target.
Merck shares fell 1.12% to $38.13.
--Written by Alexandra Zendrian in New York.
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