Alcoa, Caterpillar: Dow Movers
NEW YORK (TheStreet) -- U.S. stocks finished in the red on Tuesday, pulled lower by warnings from the technology sector and continued concern about Europe's debt problems.
The Dow Jones Industrial Average dropped 83 points, or 0.65%, to close at 12,653. The blue-chip index has now fallen in four straight sessions. It's up 3.6% year-to-date but has dropped 5% since hitting its 2012 high of 13,339 on May 1.
Breadth within the Dow was negative with 20 of the 30 components posting losses. Coca-Cola(KO) finished flat.
Shares of Alcoa fell 4.11% to $8.40. The firm's second-quarter earnings beat analysts' expectations Monday by a penny.
The aluminum company's stock has fallen 2.89% year to date.
Caterpillar shares lost 3.56% to $80.18. The stock has fallen 11.48% year to date.
Shares of Intel declined 2.35% to $25.56.
Intel announced a series of deals with a total value of $4.1 billion with semiconductor manufacturing specialist ASML Holding (ASML) late Monday as the no. 1 chip maker looks to boost silicon manufacturing.
The stock has risen 5.36% year to date.
--Written by Alexandra Zendrian in New York.
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