NEW YORK (

TheStreet

) -- Stocks finished Wednesday down after

Federal Reserve

Chairman Ben Bernanke said the

hinted

that rising inflation could preclude the central bank from embarking on another round of quantitative easing.

The

Dow Jones Industrial Average

fell 53.05 points, or 0.41%, to 12,952.07. The

S&P 500

dropped 6.5 points to 1,365.68 and the

Nasdaq Composite

fell 19.87 points to 2,966.89.

Breadth within the Dow was negative with 21 of the index's 30 components posting losses.

The biggest percentage decliners among the blue chips were

Hewlett-Packard

(HPQ) - Get Report

,

Bank of America

(BAC) - Get Report

and

Alcoa

(AA) - Get Report

.

Hewlett-Packard shares dropped 3.32% to $25.31. The technology company is laying off about 275 people from its WebOS division, according to media reports.

HP gets a

C grade

and a hold rating.

Shares of Alcoa fell 1.93% to $10.17. Japanese aluminum buyers are going to increase their premiums paid to aluminum producers starting in April,

Bloomberg

said.

TheStreet Ratings

gives Alcoa a

C- grade

and a hold rating.

Bank of America shares dropped 1.73% to $7.97. The bank's stock was upgraded to

hold from sell

by

TheStreet Ratings

on Wednesday.

Bank of America gets a

C- grade

from

TheStreet Ratings

.

The biggest gainer in the Dow on Wednesday was

Coca-Cola

(KO) - Get Report

. Shares rose 1.47% to $69.86. This was the only stock with a gain of more than 1% on Wednesday.

--

Written by Alexandra Zendrian in New York

.

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Alexandra Zendrian

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.