NEW YORK (
) -- Stocks fell Monday as investors
Dow Jones Industrial Average
lost 6.74 points, or 0.05%, to 12,653.72 Monday. The
dropped 3.31 points to 1,313.02 and the
had a 4.61 point decline to 2,811.94.
Breadth within the Dow was negative with 16 of the index's 30 components losing ground. Both
ended Monday flat.
The biggest percentage decliners among the blue chips were
Bank of American
Procter & Gamble
Bank of America shares dropped 3.02% to $7.07. The bank was rated
, according to
The analysts, in a report, wrote there is a "clearer path for Citigroup to return capital" through dividends and buybacks than Bank of America.
gives Bank of America
and a sell rating.
Shares of Procter & Gamble declined 1.7% to $63.21. The company was downgraded by
UBS analysts to a neutral rating from a buy
with a $66 price target.
Procter & Gamble gets an A- grade from
with a buy rating and price target of
American Express shares fell 1.46% to $49.12. The company is
analysts' second top pick in the credit card issuer space, which
gives American Express an A grade with a buy rating and a
The biggest gainers within the Dow were
. Each posted gains slightly more than 1%.
Written by Alexandra Zendrian in New York.
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