This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Bank of America, Procter & Gamble: Dow Movers

Stocks in this article: ^DJIBACPGMRKMSFTKFT

NEW YORK ( TheStreet) -- U.S. stocks finished Monday lower after some shaky U.S. consumer economic data and the emergence of more concerns about Spain.

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 (BAC) and Procter & Gamble (PG).

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 (MRK) and Kraft Foods (KFT).

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.



>To contact the writer of this article, click here: Alexandra Zendrian

>To submit a news tip, send an email to: tips@thestreet.com.

>To follow the writer on Twitter, go to Alexandra Zendrian.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,677.90 +216.58 1.32%
S&P 500 1,950.82 +23.71 1.23%
NASDAQ 4,452.7920 +69.9450 1.60%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs