CAT, CVX, UTX: Dow Midday Movers

NEW YORK ( TheStreet) -- U.S. stocks were falling midday Tuesday amid signs of a cooling Chinese economy.

The Dow Jones Industrial Average fell 70.53 points to 13,168.60. Leading the Dow lower were Caterpillar ( CAT), United Technologies ( UTX) and Chevron ( CVX).

Shares of Caterpillar dropped 2.25% to $111.17. The construction company reported that February sales rose in each of its geographic regions but they were doing so at a slower rate than in past months.

TheStreet Ratings gives Caterpillar an A grade with a buy rating and a $131.03 price target.

Chevron shares fell 1.06% to $109.53. A new sheen has been found in the Frade field and some Chevron executives aren't allowed to leave Brazil as prosecutors look into a case against the energy company for a spill last November.

Chevron gets an A grade from TheStreet Ratings with a buy rating and a $135.46 price target.

Shares of United Technologies dropped 1.64% to $83.23. TheStreet Ratings gives United Technologies an A- grade with a buy rating and a $100.36 price target.

The biggest gainer in the index midday Tuesday was Bank of America ( BAC). Shares rose 2.73% to $9.79.

The bank has addressed rumors about a possible secondary offering saying it has "no intention of issuing additional equity."

TheStreet Ratings gives Bank of America a C- grade and hold rating.

-- Written by Alexandra Zendrian

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