The Dow Jones Industrial Average ($DJI) had a loss of 10.60 points, or 0.09%, and closed at 12,229.29 on Thursday. Slightly under half of the Dow's thirty index components posted a gain. The top performers were American Express (AXP) (+1.86%), Intel (INTC) (+1.58%), AT&T (T) (+0.97%), and JP Morgan Chase (JPM) (+0.93%). Cisco (CSCO) (-14.16%), WalMart (WMT) (-2.01%), Microsoft (MSFT) (-1.68%), and Bank of America (BAC) (-1.02%) were the major laggards. Cisco's (CSCO) losses came after it posted disappointing earnings following Wednesday's closing bell.
The S&P 500 ($SPX) rose 0.99 points or 0.07%, and closed at 1,321.87. Goodyear Tire & Rubber (GT) (+14.31%) was the top percentage performer in the index. It was followed by Whole Foods (WFMI) (+11.72%), eBAY (EBAY) (+7.95%), and Juniper Networks (JNPR) (+7.61%). Whole Foods (WFMI) beat earnings estimates and reported a 79% increase in first-quarter earnings. It also raised its outlook for the remainder of the year. Akamai (AKAM) (-15.09%), Cisco (CSCO) (-14.16%), International Flavors & Fragrance (IFF) (-6.24%), and Molson Coors Brewing Co. (TAP) (-4.39%) were the biggest losers. All the major losses were due to disappointing earnings announcements.