(By Salman - iStockAnalyst Writer)US stocks finished mixed on Tuesday as investors took a breather after Monday's sharp rally which pushed the Dow Jones industrial average to its highest level this year.
The Dow Jones Industrial Average rose 20.03 points or 0.20% to finish at 10,246.97. The S&P 500 retreated 0.07 points or 0.01% to end at 1,093.01. The Nasdaq Composite fell 2.98 points or 0.14% to 2,151.08.
Shares of airplane maker Boeing Co. (NYSE:
BA) plunged $1.03 or 2.01% 50.32.
Cisco Systems Inc. (NASDAQ:
CSCO) fell 34 cents or 1.42% to $23.65.
Chemical maker DuPont Co. (NYSE:
DD) declined 44 cents or 1.27% to $33.76.
Shares of drugmaker Merck & Co. Inc. (NYSE:
MRK) plummeted 59 cents or 1.89% to$30.67.
Among gainers, shares of American Express Co. (NYSE:
AXP) climbed 63 cents or 1.61% to $39.68.Bank of America Corp. (NYSE:
BAC) rallied 27 cents or 1.71% to $16.04. .
Early on Tuesday, Beazer Homes (NYSE:
BZH) swung to fiscal fourth quarter profit of $33.8 million, or 84 cents per share, compared with a loss of $473.9 million, or $12.29 per share, in the year-earlier quarter. On an adjusted basis, the company earned 87 cents per share. Revenue plunged 42 percent to $376.3 million from $649.8 million. Shares of the homebuilder jumped 41 cents or 8.74% to $5.10.
Late on Monday, video game publisher Electronic Arts (NASDAQ:
ERTS) reported fiscal second quarter net loss of $391 million, or $1.21 a share, wider than the loss of $310 million, or 97 cents a share, in the same quarter last year. Revenue slumped 12 percent to $788 million from $894 million. The company announced that it would cut 1,500 jobs or 15% of its global workforce and shrink its product lineup. Electronic Arts also said that it has agreed to acquire Playfish, maker of social network games like Pet Society and Restaurant City, for $275 million in cash and $25 million in equity. Shares of Electronic Arts tumbled $1.24 or 6.35% to $18.29.
MBIA Inc.
