Bank of America, HP, Exxon: Dow Movers
NEW YORK (TheStreet) -- U.S. stocks ended Tuesday down, with the release of the minutes from the most recent Federal Reserve policy meeting suggesting that another round of quantitative easing isn't likely, barring an economic downturn.
The Dow Jones Industrial Average fell 64.94 points, or 0.49%, to 13,199.55. The S&P 500 dropped 5.73 points to 1,413.31 and the Nasdaq Composite lost 6.13 points to finish at 3,113.57.
Breadth within the Dow was negative with 25 of the 30 components posting losses.
Shares of Bank of America fell 1.96% to $9.49. The bank has been the best-performing stock in the Dow year to date, gaining almost 71% in 2012.
TheStreet Ratings gives Bank of America a C- grade and a hold rating.
Exxon shares lost 1.42% to $85.83. TheStreet Ratings gives Exxon Mobil a B+ grade with a buy rating and a $103.63 price target.
Shares of Hewlett-Packard fell 1.8% to $23.45. HP Enterprise Services announced Tuesday that it got a contract with the U.S. Army for about $249 million pertaining to cloud computing services.
TheStreet Ratings gives HP a C+ grade and hold rating.
-- Written by Alexandra Zendrian
>To contact the writer of this article, click here: Alexandra Zendrian