Bank of America, Alcoa, Caterpillar: Dow Movers
NEW YORK (TheStreet) -- U.S. stocks fell for a fifth straight session on Tuesday as renewed eurozone worries fueled by rising Spanish bond yields soured sentiment ahead of first-quarter reporting season.
The Dow Jones Industrial Average dropped 214 points, or 1.7%, to 12,716. The S&P 500 lost 24 points, 1.7%, to 1359 and the Nasdaq Composite sank 56 points, or 1.8%, to 2991.
Breadth within the Dow was negative with 29 of the index's 30 components posting losses.
Shares of Bank of America dropped 4.4% to $8.54. The bank stock is one of TheStreet's 5 Bank Stocks Worth a Second Look.
TheStreet Ratings gives Bank of America a C- grade and hold rating.
Alcoa's shares fell 2.92% to $9.32 ahead of its quarterly report.
After the closing bell, the aluminum producer reported an adjusted profit of $94 million, or 10 cents a share, for its fiscal first quarter on revenue of $6 billion, much better than Wall Street's consensus view for a loss of 4 cents a share on revenue of $5.77 billion. The stock ticked 2% higher in late trades on volume of nearly 2.5 million.
TheStreet Ratings gives Alcoa a C grade and hold rating.
Shares of Caterpillar lost 3.03% to $100.43 on elevated volume. TheStreet Ratings gives Caterpillar an A grade with a buy rating and a $122.28 price target.
The only gainer in the index Tuesday was Hewlett-Packard(HPQ) .
Shares of HP increased 13 cents, or 0.56%, to $23.27. TheStreet Ratings gives HP a C+ grade and a hold rating.
--Written by Alexandra Zendrian in New York.
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