Bank of America, Alcoa, Caterpillar: Dow Movers
By Alexandra Zendrian - 04/10/12 - 4:50 PM EDT
NEW YORK (TheStreet
) -- U.S. stocks fell for a fifth straight session
on Tuesday as renewed eurozone worries fueled by rising Spanish bond yields soured sentiment ahead of first-quarter reporting season.
The Dow Jones Industrial Average
dropped 214 points, or 1.7%, to 12,716. The S&P 500
lost 24 points, 1.7%, to 1359 and the Nasdaq Composite
sank 56 points, or 1.8%, to 2991.
Breadth within the Dow was negative with 29 of the index's 30 components posting losses.
The biggest percentage decliners in the Dow were Alcoa
and Bank of America
Shares of Bank of America dropped 4.4% to $8.54. The bank stock is one of TheStreet's 5 Bank Stocks Worth a Second Look
gives Bank of America a C- grade
and hold rating.
Alcoa's shares fell 2.92% to $9.32 ahead of its quarterly report.
After the closing bell, the aluminum producer reported an adjusted profit of $94 million, or 10 cents a share, for its fiscal first quarter on revenue of $6 billion, much better than Wall Street's consensus view for a loss of 4 cents a share on revenue of $5.77 billion. The stock ticked 2% higher in late trades
on volume of nearly 2.5 million.
gives Alcoa a C grade
and hold rating.
Shares of Caterpillar lost 3.03% to $100.43 on elevated volume. TheStreet Ratings
gives Caterpillar an A grade with a buy rating and a $122.28
The only gainer in the index Tuesday was Hewlett-Packard
Shares of HP increased 13 cents, or 0.56%, to $23.27. TheStreet Ratings
gives HP a C+ grade
and a hold rating.
--Written by Alexandra Zendrian in New York
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