NEW YORK ( TheStreet) -- U.S. stocks finished Friday down as the market took a break following its steep run-up.

The Dow Jones Industrial Average fell 2.73 points, or 0.02%, to 12,977.57. The S&P 500 dropped 4.23 points to 1,369.86 and the Nasdaq Composite fell 12.78 points to 2,976.19.

Breadth within the Dow was negative with 16 of the index's 30 components posting losses. Bank of America ( BAC) ended the day flat.

The biggest percentage decliners in the index Friday were Caterpillar ( CAT), American Express ( AXP), Travelers ( TRV) and General Electric ( GE).

Shares of Travelers fell 42 cents, or 0.72%, to $58.00. The stock was downgraded Friday to equal weight from overweight by Morgan Stanley.

"TRV still offers solid risk-reward in the improving P&C marketplace and we see nothing 'wrong' with TRV's balance sheet, reserves or the forward fundamental outlook," Morgan Stanley analysts wrote. "However, our 'capital return' thesis has played out and TRV shares have returned 25% (including dividends) to owners since 2Q10. We no longer see the same level of excess capital at TRV as at our other Overweights and our long-held view remains that excess capital is 'king' as the P&C market transitions into the early stages of the next pricing cycle."

TheStreet Ratings gives Travelers a B grade with a buy rating and a $68.10 price target.

Caterpillar shares dropped 93 cents, or 0.82%, to $112.46. TheStreet Ratings gives Caterpillar an A grade with a buy rating and $135.14 price target.

Shares of General Electric fell 15 cents, or 0.76%, to $18.98. General Electric gets a B grade from TheStreet Ratings with a buy rating and $22.30 price target.

Shares of American Express fell 1.06% to $53.00. TheStreet Ratings gives American Express an A grade with a buy rating and $60.83 price target.

The biggest percentage gainers in the index were IBM ( IBM), JPMorgan Chase ( JPM), Kraft Foods ( KFT) and Verizon ( VZ). None of the stocks had gains of more than 1%.

-- Written by Alexandra Zendrian in New York.

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