NEW YORK ( TheStreet) -- U.S. stocks finished Monday down as global economic concerns cropped up after China lowered its growth forecast. The Dow Jones Industrial Average fell 14.8 points, or 0.11%, to 12,962.81. The S&P 500 declined 5.3 points to 1,364.33 and the Nasdaq Composite dropped 25.7 points to 2,950.48. Breadth within the Dow was negative with 16 of the index's 30 components posting losses. The biggest percentage decliners among the blue chips were Alcoa ( AA), Caterpillar ( CAT) and United Technologies ( UTX).
Alcoa shares fell 3.61% to $9.87. The aluminum company's joint venture with the Saudi Arabian Mining Company at Maaden is getting an additional production line, according to Reuters. Alcoa gets a C grade and hold rating from TheStreet Ratings. Shares of United Technologies declined 1.5% to $9.87. The stock was featured as one of the 5 Rocket Stocks Set to Rally in March. With its broad industrial exposure, the company is positioned to do well in an economic recovery. TheStreet Ratings gives United Technologies a B+ grade with a buy rating and a $97.20 price target. Caterpillar shares fell 2.13% to $110.09. The construction company gets an A grade from TheStreet Ratings with a buy rating and a $133.29 price target. The biggest gainer in the index was Merck ( MRK). Shares of Merck rose 1.37% to $38.45 despite news that the pharmaceutical company needs to provide the U.S. Food and Drug Administration with more data before getting approval for its cholesterol-fighting drug combination. -- Written by Alexandra Zendrian in New York. >To contact the writer of this article, click here: Alexandra Zendrian >To submit a news tip, send an email to: firstname.lastname@example.org. >To follow the writer on Twitter, go to Alexandra Zendrian.