This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

JPMorgan, Caterpillar: Dow Movers

Stocks in this article: ^DJI CAT HD JPM WMT BA

NEW YORK ( TheStreet) -- U.S. stocks fell sharply on Thursday on continued eurozone debt contagion worries and lackluster domestic economic data.

The Dow Jones Industrial Average fell 156.06 points, or 1.24%, to close at 12,442.49. The S&P 500 dropped 19.94 points to settle at 1,304.86 and the Nasdaq Composite lost 60.35 points to finish at 2,813.69.

Breadth within the Dow was negative with 24 of the index's 30 components posting losses.

The biggest decliners in the Dow were Caterpillar (CAT), JPMorgan Chase (JPM), Boeing (BA) and Home Depot (HD).

Shares of Caterpillar lost 4.42% to $87.80 on about double the stock's average daily trading volume. The construction company's dealers reported slowing growth in heavy equipment sales in April with total volume up 12%, which is down from 18% at the end of March on a rolling three-month basis. The regions hit hardest were Asia and Latin America.

The stock has declined 3.09% year to date.

JPMorgan shares dropped 4.31% to $33.93 on more than double its average daily trading volume. The size of the loss that the bank expects to incur from its credit derivatives trade gone bad has reportedly swelled to $3 billion.

In addition, CEO Jamie Dimon is now expected to testify later this month before the Senate Banking Committee about the trading loss.

JPMorgan's stock has risen 2.05% year to date.

Shares of Home Depot fell 3.59% to $47.02 on about 1.5 times the stock's average daily trading volume. The stock has risen 11.85% year to date.

Boeing shares dropped 3.62% to $69.73 on nearly double the stock's average daily trading volume. Reuters reported Wednesday that Southwest Airlines (LUV) is deferring its deliveries of 30 Boeing 737-800 planes.

The stock has fallen 4.94% year to date.

The biggest gainer in the blue-chip index is Wal-Mart (WMT). Shares rose 4.21% to $61.68 on more than double its average daily trading volume

The retailer reported Thursday first-quarter earnings of $3.74 billion, or $1.09 a share, up from year-earlier earnings of $3.39 billion, or 97 cents a share.

On average, analysts anticipated earnings of $1.04 a share.

-- 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.

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs