(By Salman - iStockAnalyst Writer)US stocks closed Tuesday's session little changed as technology shares gained after chipmaker
Texas Instruments raised its fiscal second -quarter earnings and revenue outlook. However, the report that 10 big banks will repay government loan failed to generate enthusiasm among investors.
The Dow Jones Industrial Average fell 1.43 points or 0.02% to finish at 8,763.06. The S&P 500 added 3.29 points or 0.35% to end at 94.43. The Nasdaq Composite increased 17.73 points or 0.96% to 1,860.13.
Among the Dow components, shares of Alcoa Inc. (NYSE:
AA), the largest US aluminum maker, jumped 38 cents or 4.99% to $11.15.
Chemical giant Du Pont (NYSE:
DD) rose 72 points or 2.75% to $26.93.
Shares of credit card lender American Express Co. (NYSE:
AXP) surged $1.28 or 4.99% to $26.93. W
Technology shares rallied after Texas Instruments Inc. (NYSE:
TXN) boosted and narrowed its second-quarter financial guidance. The chip maker said it now expects to report revenue in the range of $2.3 billion and $2.5 billion, compared to a previous forecast of $1.95 billion and $2.4 billion. The company also said that it now expects earnings per share in the range of 14 cents a share to 22 cents a share, compared with a prior outlook of 1 cent a share to 15 cents a share. Shares of Texas Instruments soared $1.25 or 6.32% to $21.02.
Intel Corp (NASDAQ:
INTC) gained 52 cents or 3.27% to end at $16.42. Shares of networking giant Cisco (NASDAQ:
CSCO) increased 21 cents or 1.06% to $20.08.
On the downside, shares of United Technologies (NYSE:
UTX) fell 97 cents or 1.72% to $55.52.
According to a Reuters report, GE Aviation, a unit of General Electric Co.'s (NYSE:
GE) expects to orders to halve this year as airlines cut spending amid sinking travel demand. GE finished at $13.57, up $.01 or 0.07%.
Early on Tuesday, Navistar International Inc. (NYSE:
NAV) announced that second-quarter earnings tumbled to $12 million, or 16 cents a share, from $211 million, or $2.88 a share, in the year ago quarter. Revenue declined to $2.8 billion from $3.9 billion a year ago.
