By Kristina Cooke
NEW YORK (Reuters) - Stocks fell on Tuesday, after disappointing outlooks from microchip maker Texas Instruments Inc
In addition, reduced profit projections by brokerages for Bank of America Corp
Texas Instruments said its second quarter would be weaker than expected due to an uncertain economic situation and cited customer caution and weak demand for high-end cell phones. The company's shares fell 4.5 percent to $29.20.
Meanwhile, UnitedHealth Group Inc
"People are looking at (earnings) outlooks. They're worried about the economy. I think you need to see outlooks pick up, and that will help the market come back," said Giri Cherukuri, head trader at Oakbrook Investments LLC in Lisle, Illinois.
The Dow Jones industrial average <.DJI> was down 61.72 points, or 0.48 percent, at 12,763.30. The Standard & Poor's 500 Index <.SPX> was down 7.26 points, or 0.52 percent, at 1,380.91. The Nasdaq Composite Index <.IXIC> was down 15.30 points, or 0.64 percent, at 2,392.74.
Another Dow component, McDonald's Corp
Shares of BJ Services Co
Gains in coal companies helped keep losses in check, however. Peabody Energy Corp's shares
Shares of Peabody's rivals were also up. Foundation Coal
In economic news, the National Association of Realtors said the pace of existing home sales in the United States fell 2 percent in March, in a report that showed the U.S. housing market continues to struggle.
(Editing by James Dalgleish)