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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Bank of America, Alcoa, Caterpillar: Dow Movers

Stocks in this article: BAC CAT AA ^DJI INTC

NEW YORK ( TheStreet) -- U.S. stocks dropped Tuesday as investors worried about a slowing global economy amid fears that Europe is falling into recession.

The Dow Jones Industrial Average fell 203.66 points, or 1.57%, to 12,759.15 on Tuesday. This is the first triple-digit decline for the index in 2012.

The S&P 500 dropped 20.97 points to 1,343.36 and the Nasdaq Composite declined 40.16 points to 2,910.32.

Breadth within the Dow was negative with 29 of the index's 30 components posting losses.

The biggest percentage decliners among the blue chips were Alcoa (AA), Caterpillar (CAT) and Bank of America (BAC).

Shares of Alcoa fell 4.05% to $9.47 as the basic materials sector sold off. The aluminum company and Saudi Arabian company Ma'aden announced Tuesday they are working on extending the project mix that will come from their aluminum site in Saudi Arabia.

TheStreet Ratings gives Alcoa a C grade and a hold rating.

Bank of America shares declined 3.26% to $7.71. The bank has barely put a dent in the 30,000 jobs that it said it would cut in the next few years.

Bank of America gets a C- grade and hold rating from TheStreet Ratings.

Shares of Caterpillar fell 3.72% to $106.00. TheStreet Ratings gives Caterpillar an A grade with a buy rating and a $133.29 price target.

The only gainer in the Dow Tuesday was Intel (INTC). Shares rose 6 cents, or 0.24%, to $26.60. The technology company announced on Tuesday the creation of the Intel Xeon Processor E5-2600 products for cloud technology.

-- 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!

Markets

DOW 17,651.86 +294.99 1.70%
S&P 500 2,043.16 +30.27 1.50%
NASDAQ 4,723.4150 +79.1030 1.70%

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