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ird quarter and the year—despite good first quarter results—citing the effects of the Japanese disasters, weak personal computer sales and reducing operating profit for services. In addition, at least four brokerages downgraded their ratings on the company. 


HP's results were released a day before scheduled after news of a leaked memo by CEO Leo Apotheker, which warned executives of "another tough quarter."


Meanwhile, Home Depot [HD  Loading...      ()   ] was among Dow gainers after the home-improvement retailer beat profit estimates by one penny as investors shrugged off a drop in sales compared with last year. Home Depot blamed bad weather for the sales slump. 


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The tech-heavy Nasdaq rose 0.90 points, or 0.03 percent, to close at 2,783.21, edging into positive territory just before the market closed. Stocks have already had as many down days in May as in April. The CBOE Volatility Index, widely considered the best gauge of fear in the market, rose above 18. 


Among key S&P 500 sectors, industrials and materials fell, while defensive sectors such as utilities gained.