Bank of America, Microsoft, Exxon: Dow Midday Movers

NEW YORK (TheStreet) -- U.S. stocks were falling midday Tuesday ahead of the afternoon release of the minutes from the Federal Reserve's mid-March policy meeting.

The Dow Jones Industrial Average fell 48.89 points to 13,215.60. Leading the Dow lower were Bank of America(BAC) , Microsoft(MSFT) and Exxon Mobil(XOM) .

Shares of Bank of America fell 1.34% to $9.55. The bank has been the best-performing stock in the Dow year to date, gaining almost 72% so far in 2012.

TheStreet Ratings gives Bank of America a C- grade and a hold rating.

Exxon shares lost 1.15% to $86.07. TheStreet Ratings gives Exxon Mobil a B+ grade with a buy rating and a $103.63 price target.

Shares of Microsoft fell 1.32% to $31.86. UBS analysts raised their price target for Microsoft to $36 from $33 on Monday.

TheStreet Ratings gives Microsoft an A grade with a buy rating and a $37.10 price target.

The biggest gainers in the index were American Express(AXP) and McDonald's(MCD) . Neither stock was gaining more than 1%.

-- Written by Alexandra Zendrian

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