Bank of America, Alcoa, Caterpillar: Dow Movers
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
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.
TheStreet Ratings 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.
TheStreet Ratings 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 price target.
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.
>To contact the writer of this article, click here: Alexandra Zendrian
>To submit a news tip, send an email to: email@example.com.
>To follow the writer on Twitter, go to Alexandra Zendrian.