Bank of America, United Technologies, Caterpillar: Dow Movers
NEW YORK (
) -- Stocks finished Wednesday down as
investors weighed news that Greece's creditors were delaying the country's bailout
.
The
Dow Jones Industrial Average
fell 97.33 points, or 0.76%, to 12,780.95. The
S&P 500
dropped 7.27 points to 1,343.23 and the
Nasdaq Composite
finished 16 points lower at 2,915.83.
Breadth within the Dow was negative with 25 of the index's 30 components posting losses.
The biggest percentage decliners among the blue chips were
Bank of America
(BAC) - Get Report
,
United Technologies
and
Caterpillar
(CAT) - Get Report
.
|
Bank of America shares fell 2.51% to $7.78. The company's January credit card defaults dropped, according to
The Associated Press
. Defaults were 5.63%, down from 6.05% in December, the
AP
said.
The bank was downgraded by
Citigroup
(C) - Get Report
Tuesday to a
. The resulting pullback though may be an opportunity for investors who are
.
TheStreet Ratings
gives Bank of America a D+ grade and a
.
Shares of United Technologies dropped 1.85% to $82.60.
TheStreet Ratings
gives United Technologies a B+ grade with a buy rating and a has a
price target on the shares.
Caterpillar shares fell 1.68% to $112.53. Caterpillar gets a A- grade from
TheStreet Ratings
with a buy rating and a
price target.
The gainers in the index were
HP
(HPQ) - Get Report
,
IBM
(IBM) - Get Report
,
Johnson & Johnson
(JNJ) - Get Report
,
Procter & Gamble
(PG) - Get Report
and
Travelers
(TRV) - Get Report
. None of these stocks had declines of more than 1%.
Procter & Gamble said Wednesday that it is
to
Kellog
(K) - Get Report
for $2.7 billion.
--
Written by Alexandra Zendrian in New York
.
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