AA, CVX, CAT: Dow Movers
NEW YORK (TheStreet) -- U.S. stocks finished Thursday in the red as the latest data stoked new fears about economic growth in Europe and China.
The Dow Jones Industrial Average fell 78.48 points, or 0.6%, to 13,046.14. The S&P 500 dropped 10.11 points to 1,392.78 and the Nasdaq Composite lost 12 points to 3,063.32.
Breadth within the Dow was negative with 22 of the index's 30 components posting losses
Shares of Chevron fell 2.37% to $105.35.
TheStreet Ratings gives Chevron an A grade with a buy rating and $135.46 price target.
Caterpillar shares declined 2.35% to $106.44. Caterpillar announced Wednesday that it's expanding an excavator plant in China. The company currently has 17 facilities in China with nine more under construction.
The construction company gets an A grade with a buy rating and a $131.03 price target.
Shares of Alcoa fell 2.53% to $10.01. TheStreet Ratings gives Alcoa a C grade and hold rating.
Other blue chips that dropped more than 1% Thursday included Bank of America(BAC) , which fell 2.24% to $9.60; Boeing(BA) , down 1.45% to $73.92; General Electric(GE) , which lost 1.1% to $19.85; Hewlett-Packard(HPQ) , down 1.83% to $23.03; and JPMorgan Chase(JPM) , which dropped 1.04% to $44.65.
No Dow component rose more than 0.5% on Thursday.
-- Written by Alexandra Zendrian in New York.
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