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NEW YORK (
TheStreet) -- U.S. stocks finished Monday lower after some
shaky U.S. consumer economic data and the emergence of more concerns about Spain.
Dow Jones Industrial Average fell 14.68 points, or 0.11%, to 13,213.63. The
S&P 500 dropped 5.45 points to 13,213.63 and the
Nasdaq Composite lost 22.84 points to 13,213.63.
The Dow's 30 components were evenly split between winners and losers on Monday.
Some of the biggest blue-chip laggards were
Bank of America(BAC - Get Report) and
Procter & Gamble(PG - Get Report).
Shares of Bank of America declined 2.18% to $8.07 with volume exceeding 133 million. It was a weak day across the financial sector with the
KBW Bank Index sliding 1.2%. Year-to-date, though, B of A's stock is still up 46%.
Procter & Gamble shares dropped 1.47% to $63.49 after the stock was downgraded to
perform from outperform by Oppenheimer analysts on Monday.
Some of the Dow's biggest percentage gainers were
Merck(MRK - Get Report) and
Shares of Merck rose 1.95% to $39.21.
drug company won two patent infringement lawsuits against
Mylan Pharmaceuticals on Friday.
Kraft Foods shares increased 1.13% to $39.85.
The stock hit a 52-week high Monday of $39.92 after it was upgraded to
overweight from neutral by JPMorgan analysts on Monday. The analysts gave the stock a $45 price target.
Written by Alexandra Zendrian in New York.
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