The Dow Jones industrial average ended lower on Tuesday, after Hewlett-Packard Co. agreed to buy technology services provider Electronic Data Systems Corp. for $13.2 billion and investors mulled a report on retail sales.
The blue chip index fell 44.13 points to 12,832.18 following a report from the Commerce Department showing that retail sales fell by 0.2 percent in April, in line with expectations.
Separately, Hewlett-Packard said it will pay $25 per share for EDS. Hewlett-Packard shares declined $2.56, or 5.5 percent, to finish at $44.27.
JPMorgan Chase & Co. shed $1.76, or 3.7 percent, to $45.48, following news that the Securities and Exchange Commission may bring civil charges against the bank related to the bidding of instruments tied to municipal bonds.
General Motors Corp. retreated 56 cents, or 2.7 percent, to $20.20. Workers at a factory in Ohio threatened to strike on Thursday because of local contract issues.
On the rising side, insurer American International Group Inc. gained 79 cents, or 2.1 percent, to $39.16.
Aluminum producer Alcoa Inc. rose 51 cents to $42.12.
International Business Machines Corp. advanced $1.34 to $126.58.
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