HPQ, CAT, AA: Dow Midday Movers

NEW YORK ( TheStreet) - U.S. stocks were mixed midday Friday after new-home sales dropped in February.

The Dow Jones Industrial Average rose 34.63 points midday Friday to 13,080.77. Leading the Dow higher were Hewlett-Packard ( HPQ), Alcoa ( AA) and Caterpillar ( CAT).

Shares of HP rose 1.43% to $23.36. The technology company announced Friday that Marc Levine was named senior vice president and controller, effective May 1. He was previously senior vice president of finance at HP Enterprise Services.

Earlier this week, HP said it was merging its PC and printer divisions.

TheStreet Ratings gives HP a C+ grade and hold rating.

Alcoa shares rose 2.3% to $10.24. The aluminum company gets a C grade and a hold rating from TheStreet Ratings.

Shares of Caterpillar gained 1.48% to $108. TheStreet Ratings gives Caterpillar an A grade with a buy rating and a $131.03 price target.

The biggest decliners in the index midday include Home Depot ( HD), AT&T ( T) and Verizon ( VZ). The stocks were posting declines of less than 1%.

-- Written by Alexandra Zendrian

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