Bank of America, Disney: Dow Movers
The Dow Jones Industrial Average declined 130.55 points, or 1%, to 12,929.59. The S&P 500 fell 15.88 points to 1,382.20 and the Nasdaq Composite lost 33.42 points to 3,047.08.
Breadth within the Dow was negative with 28 of the index's 30 components posting losses.
The biggest percentage decliners among the blue chips were Bank of America
Shares of Bank of America fell 3.25% to $8.93. The bank is scheduled to report its first-quarter results on April 19. Analysts, on average, anticipate earnings of 12 cents a share on revenue of $22.7 billion.
TheStreet Ratings gives Bank of America a C- grade and a hold rating.
Disney shares fell 2.25% to $42.11. TheStreet Ratings gives Disney an A+ grade with a buy rating and $49.76 price target.
The two Dow stocks that finished Monday up were Hewlett-Packard
Dow component Alcoa
--Written by Alexandra Zendrian in New York.
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