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NEW YORK (
TheStreet) -- U.S. stocks were falling midday Monday after disappointing data from China and Europe stoked investor worries about the
health of the global economy.
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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