DuPont, Bank of America: Dow Midday Movers
NEW YORK (TheStreet) -- U.S. stocks finished mixed Monday after the latest data showed a contraction in manufacturing activity in June.
The Dow Jones Industrial Average closed down nearly 9 points, or 0.07%, at 12,871. The blue-chip index ranged between 12,795-12,902 on the day and is now up 5.35% so far in 2012.
Breadth within the Dow split down the middle.
Shares of DuPont fell 2.25% to $49.43. Jefferies downgraded the stock to hold from buy and cut its 12-month price target by 11% to $55 from $62.
"To better reflect a weaker EU demand outlook and incremental deterioration in TiO2 dynamics (price increases stalling earlier than expected), we are lowering 2012E $0.10 to $4.25 and 2013E $0.20 to $4.60," the firm said. "Multiple expansion appears less likely as capital will likely flow to other recovery plays."
DuPont's stock has risen 8% year to date.
Bank of America shares lost 1.59% to $8.05. The bank submitted its "living will" to the Federal Reserve and Federal Deposit Insurance Corp..
The stock has gained 44.78% year to date.
Boeing shares lost 1.51% to $73.18. In the news Monday, rival Airbus gave more details about its first U.S. plant.
Boeing's stock has ticked down 17 cents, or 0.23%, year to date.
Shares of General Electric fell 1.68% to $20.49. The multinational company is selling a commercial property lender for $2.51 billion in cash to EverBank Financial(EVER) .
The stock has risen 14.41% year to date.
Shares of AT&T increased 1.43% to $36.17. The company struck a deal with AMC Networks over the weekend to keep the media company's programming as part of AT&T's U-verse TV service.
Financial terms weren't disclosed.
AT&T's shares have risen 19.64% year to date.
JPMorgan shares rose 1.54% to $36.28. The stock has gained 9.14% year to date.
--Written by Alexandra Zendrian in New York.