General Electric, Alcoa: Dow Movers
NEW YORK (TheStreet) -- U.S. stocks finished Thursday mixed as investors were reluctant to place big bets ahead of tomorrow's March jobs report.
The Dow Jones Industrial Average fell 14.61 points, or 0.11%, to 13,060.14. The S&P 500 dropped a little less than a point to 1,398.08 and the Nasdaq Composite rose 12.41 points to 3,080.50.
Breadth within the Dow was negative with 19 of the index's 30 components posting losses.
Shares of Alcoa lost 1.83% to close at $9.63. The aluminum company announced Thursday that it is lowering its alumina production by 390,000 metric tons to make it more in line with the firm's smelter production and because of the oversupply of alumina in the market which has lowered prices.
Alcoa is also slated to report its first-quarter results on April 9. Analysts, on average, anticipate a loss of five cents a share on revenue of $5.74 billion.
TheStreet Ratings gives Alcoa a C grade with a hold rating.
General Electric shares fell 1.27% to $19.49. The multinational industrial company's downgrade earlier this week by Moody's was anticipated, according to Credit Suisse.
TheStreet Ratings gives General Electric a B grade with a buy rating and $23.04 price target.
Home Depot shares gained 1.54% to $50.62. TheStreet Ratings gives Home Depot an A+ grade with a buy rating and a $62.02 price target.
Shares of American Express increased 1.27% to $58.10. TheStreet Ratings gives American Express an A+ grade with a buy rating and $66.86 price target.
--Written by Alexandra Zendrian in New York.
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