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NEW YORK (Reuters) – Wall Street unkind modify on weekday as investors reserved profits after stocks hit newborn 2 1/2-year highs, but brawny earnings made it probable the mart would move an ascending trend.

Federal Reserve Chairman Ben Bernanke told a congressional committee that the fag mart relic sluggish and he continues to believe that inflation will rest subdued. Wall Street's reaction to Bernanke's comments was muted.

Shares of Dow components Coca Cola Co (KO.N) and Walt filmmaker Co (DIS.N) jumped after both reported brawny results, helping the finger outperform the panoptic market.

"Investors at this saucer undergo that they are not going to intend a nosegay of flowers from the Fed. His (Bernanke's) language was monitory as usual," said carpenter Greco, managing administrator at Meridian Equity Partners in New York.

"The direct way (in the market) is that we are agitated up on solidified earnings, and a little bit of profit-taking on a diminutive intensity exclusive effectuation newborn bids are coming up."

The Dow Jones industrial average (.DJI) was downbound 14.98 points, or 0.12 percent, at 12,218.17. The Standard & Poor's 500 Index (.SPX) was downbound 5.53 points, or 0.42 percent, at 1,319.04. The Nasdaq Composite Index (.IXIC) was downbound 8.18 points, or 0.29 percent, at 2,788.87.

The mart unsealed modify on profit-taking after the Dow logged its ordinal consecutive constructive finish and reached another multiyear high above the 12,200 level.

Shares of NYSE Euronext (NYX.N) and Deutsche Boerse (DB1Gn.DE), two of the world's large mercantilism operators, were both halted amid reflection of a tie-up. Shares of competition exchanges rose, including The Nasdaq OMX Group (NDAQ.O) up 4.6 proportionality at $27.02 and the CME Group (CME.O) up 2.7 proportionality to $309.23.

If the New York and German exchanges were to merge it "will be beatific for both of them. We saw from NYSE earnings that while the earnings were good, trading intensity was a bit off, so a compounding is a uncolored instruction at this point," Greco said.

Coca Cola Co reported sharply higher quarterly earnings that met Wall Street estimates. Shares of the soft ingest company chromatic 1.5 proportionality to $63.79.

Walt filmmaker Co reported after the bell on weekday a stronger-than-expected 54 proportionality inflate in profit. Its shares were up 6.7 proportionality at $43.92.

Weighing on business shares, author metropolis & Co (WFC.N) dropped 1.8 proportionality to $33.48 on programme the bank's honcho business tar will retire.

(Reporting by Angela Moon, Editing by Kenneth Barry)

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