The Dow Jones Industrial Average was falling 141.94 points midday Monday to 12,887.32. Leading the Dow lower were Wal-Mart (WMT - Get Report), DuPont (DD - Get Report) and Bank of America (BAC - Get Report).
Shares of Wal-Mart fell 4.9% to $59.39. The discount retailer reportedly used bribes in Mexico to help it build stores and gain market share in the country.
TheStreet Ratings gives Wal-Mart an A grade with a buy rating and $71.41 price target.DuPont shares lost 1.71% to $51.72. The chemical company reported first-quarter earnings Thursday of $1.49 billion, or $1.57 a share, up from year-earlier earnings of $1.43 billion, or $1.52. Analysts anticipated earnings of $1.55 a share. TheStreet Ratings gives DuPont an A- grade with a buy rating and $60.76 price target. Shares of Bank of America fell 1.08% to $8.27. The bank's proposed $20 million settlement regarding its acquisition of Merrill Lynch in 2009 seems to be too small, a group of shareholders said. TheStreet Ratings gives Bank of America a C- grade and hold rating. -- Written by Alexandra Zendrian
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