This Day On The Street
Continue to site
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

Wal-Mart, Bank of America: Dow Movers

NEW YORK ( TheStreet) -- U.S. stocks fell Monday as fears about Europe's political and economic stability rattled investors.

The Dow Jones Industrial Average fell 102 points, or 0.8%, to close at 12,927. The S&P 500 dropped nearly 12 points, or 0.8%, to finish at 1367 and the Nasdaq Composite lost 30 points, or 1%, to settle at 2970.

Breadth within the Dow was negative with 27 of the index's 30 components posting losses.

The biggest percentage decliners among the blue chips were Wal-Mart (WMT - Get Report), United Technologies (UTX - Get Report) and Bank of America (BAC - Get Report).

Shares of Wal-Mart fell 4.66% to $59.54 on about five times the stock's average daily trading volume. The discount retailer reportedly used bribes in Mexico to help 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.

Shares of Bank of America dropped 2.15% to $8.18. A class-action lawsuit has been filed against the company, saying the proposed $20 million settlement related to its acquisition of Merrill Lynch in 2009 is too small.

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

United Technologies' stock lost 1.54% Monday to $79.75. TheStreet Ratings gives United Technologies an A- grade with a buy rating and $92.86 price target.

The three Dow stocks that posted gains on Monday were Travelers (TRV), Exxon Mobil (XOM) and JPMorgan Chase (JPM).

-- 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:

>To follow the writer on Twitter, go to Alexandra Zendrian.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
BAC $16.36 0.06%
WMT $77.83 0.24%
UTX $115.30 0.20%
AAPL $125.36 -0.35%
FB $78.57 1.30%


DOW 17,887.49 -40.71 -0.23%
S&P 500 2,084.74 -4.72 -0.23%
NASDAQ 4,929.1890 -10.1380 -0.21%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs