Bank of America, Procter & Gamble: Dow Movers
The Dow Jones Industrial Average fell 14.68 points, or 0.11%, to 13,213.63. The S&P 500 dropped 5.45 points to 13,213.63 and the Nasdaq Composite lost 22.84 points to 13,213.63.
The Dow's 30 components were evenly split between winners and losers on Monday.
Some of the biggest blue-chip laggards were Bank of America
Shares of Bank of America declined 2.18% to $8.07 with volume exceeding 133 million. It was a weak day across the financial sector with the KBW Bank Index sliding 1.2%. Year-to-date, though, B of A's stock is still up 46%.
Procter & Gamble shares dropped 1.47% to $63.49 after the stock was downgraded to perform from outperform by Oppenheimer analysts on Monday.
Some of the Dow's biggest percentage gainers were Merck
Shares of Merck rose 1.95% to $39.21.
The drug company won two patent infringement lawsuits against Mylan Pharmaceuticals on Friday.
Kraft Foods shares increased 1.13% to $39.85.
The stock hit a 52-week high Monday of $39.92 after it was upgraded to overweight from neutral by JPMorgan analysts on Monday. The analysts gave the stock a $45 price target.
--Written by Alexandra Zendrian in New York.
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