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NEW YORK (
TheStreet) -- U.S. stocks fell for a
fifth straight session on Tuesday as renewed eurozone worries fueled by rising Spanish bond yields soured sentiment ahead of first-quarter reporting season.
Dow Jones Industrial Average dropped 214 points, or 1.7%, to 12,716. The
S&P 500 lost 24 points, 1.7%, to 1359 and the
Nasdaq Composite sank 56 points, or 1.8%, to 2991.
Breadth within the Dow was negative with 29 of the index's 30 components posting losses.
The biggest percentage decliners in the Dow were
Alcoa(AA - Get Report),
Caterpillar(CAT - Get Report) and
Bank of America(BAC - Get Report).
Shares of Bank of America dropped 4.4% to $8.54. The bank stock is one of
TheStreet's5 Bank Stocks Worth a Second Look.
TheStreet Ratings gives Bank of America a
C- grade and hold rating.
Alcoa's shares fell 2.92% to $9.32 ahead of its quarterly report.
After the closing bell, the aluminum producer reported an adjusted profit of $94 million, or 10 cents a share, for its fiscal first quarter on revenue of $6 billion, much better than Wall Street's consensus view for a loss of 4 cents a share on revenue of $5.77 billion. The stock ticked 2% higher in
late trades on volume of nearly 2.5 million.
TheStreet Ratings gives Alcoa a
C grade and hold rating.
Shares of Caterpillar lost 3.03% to $100.43 on elevated volume.
TheStreet Ratings gives Caterpillar an A grade with a buy rating and a
$122.28 price target.
The only gainer in the index Tuesday was
Hewlett-Packard(HPQ - Get Report).
Shares of HP increased 13 cents, or 0.56%, to $23.27.
TheStreet Ratings gives HP a
C+ grade and a hold rating.
Written by Alexandra Zendrian in New York.
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