Bank of America, HP, United Technologies: Dow Movers
By Alexandra Zendrian - 07/20/12 - 5:05 PM EDT
NEW YORK (TheStreet
) -- U.S. stocks fell sharply Friday on fresh worries about the eurozone's stability
spurred by a spike in Spanish borrowing costs.
The Dow Jones Industrial Average
lost 121 points, or 0.93%, to close at 12,823. The blue-chip index still managed to book a 0.46% gain and it's up 4.95% year-to-date.
Breadth within the Dow was negative with 27 of the index's 30 components posting losses.
The biggest percentage decliners were Bank of America
and United Technologies
Bank of America shares declined 2.62% to $7.07. The bank's stock has risen 27.16% year to date.
Shares of United Technologies lost 2.1% to $74.23. The stock has risen 1.56% year to date.
Hewlett-Packard shares fell 2.57% to $18.60. The printer company declared its regular quarterly dividend of 13.2 cents a share on Friday.
HP's stock has fallen 27.78% year to date.
Though not one of the biggest laggards, shares of Travelers lost 1.54% to $62.71. The stock has risen 5.98% so far in 2012. The insurance giant Thursday reported a profit for the second quarter, a swing from a year-earlier loss, but earnings came in below analysts' expectations.
The biggest gainer in the blue-chip index was Wal-Mart
. Shares rose 1.01% to $72.25. The stock has gained 20.9% year to date.
--Written by Alexandra Zendrian in New York
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