DuPont, Bank of America: Dow Movers

NEW YORK (TheStreet) -- U.S. stocks finished mixed Monday after the latest data showed a contraction in manufacturing activity in June.

The Dow Jones Industrial Average closed down nearly 9 points, or 0.07%, at 12,871. The blue-chip index ranged between 12,795-12,902 on the day and is now up 5.35% so far in 2012.

Breadth within the Dow split down the middle.

The biggest laggards were DuPont (DD), Bank of America (BAC), Boeing (BA) and General Electric (GE).

Shares of DuPont fell 2.25% to $49.43. Jefferies downgraded the stock to hold from buy and cut its 12-month price target by 11% to $55 from $62.

"To better reflect a weaker EU demand outlook and incremental deterioration in TiO2 dynamics (price increases stalling earlier than expected), we are lowering 2012E $0.10 to $4.25 and 2013E $0.20 to $4.60," the firm said. "Multiple expansion appears less likely as capital will likely flow to other recovery plays."

DuPont's stock has risen 8% year to date.

Bank of America shares lost 1.59% to $8.05. The bank submitted its "living will" to the Federal Reserve and Federal Deposit Insurance Corp..

The stock has gained 44.78% year to date.

Boeing shares lost 1.51% to $73.18. In the news Monday, rival Airbus gave more details about its first U.S. plant.

Boeing's stock has ticked down 17 cents, or 0.23%, year to date.

Shares of General Electric fell 1.68% to $20.49. The multinational company is selling a commercial property lender for $2.51 billion in cash to EverBank Financial (EVER).

The stock has risen 14.41% year to date.

The biggest gainers in the blue-chip index Monday were AT&T (T) and JPMorgan Chase (JPM).

Shares of AT&T increased 1.43% to $36.17. The company struck a deal with AMC Networks over the weekend to keep the media company's programming as part of AT&T's U-verse TV service.

Financial terms weren't disclosed.

AT&T's shares have risen 19.64% year to date.

JPMorgan shares rose 1.54% to $36.28. The stock has gained 9.14% year to date.

--Written by Alexandra Zendrian in New York.



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