Bank of America, Verizon, Alcoa: Dow Movers

NEW YORK (TheStreet) -- U.S. stocks fell Tuesday as consumer confidence slipped slightly in March and data showed that home prices dropped in January.

The Dow Jones Industrial Average fell 43.9 points, or 0.33%, to 13,197.73. The S&P 500 dropped 3.99 points to 1,412.52 and the Nasdaq Composite lost 2.22 points to 3,120.35.

Breadth within the Dow was negative with 22 of the index's 30 components posted losses. Intel (INTC) ended Tuesday flat.

The biggest percentage decliners in the index were Bank of America (BAC), Verizon (VZ) and Alcoa (AA).

Shares of Bank of America fell 1.71% to $9.76. The bank was downgraded to neutral from outperform at Robert W. Baird on Tuesday.

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

Verizon shares dropped 1.7% to $38.66. TheStreet Ratings gives Verizon a B- grade with a buy rating and $47 price target.

Shares of Alcoa fell 1.57% to $10.06. Alcoa gets a C grade and hold rating.

The biggest percentage gainer among the blue chips and the only stock with an increase of more than 1% was Pfizer (PFE).

Pfizer shares rose 1.53% to $22.50 on heavy volume. The stock hit a 52-week high Monday of $22.80 in intraday action.

Goldman Sachs said Tuesday that Pfizer might be the next Dow component to split up.

Pfizer gets an A- grade from TheStreet Ratings with a buy rating and a $28.52 price target.

--Written by Alexandra Zendrian in New York.



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