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) -- Stocks finished Wednesday down after

Federal Reserve

Chairman Ben Bernanke said the


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


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

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TheStreet Recommends


(HPQ) - Get HP Inc. Report


Bank of America

(BAC) - Get Bank of America Corp Report



(AA) - Get Alcoa Corporation 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,



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


TheStreet Ratings

on Wednesday.

Bank of America gets a

C- grade


TheStreet Ratings


The biggest gainer in the Dow on Wednesday was


(KO) - Get Coca-Cola Company 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