3 Dow Components Leading Stocks Lower

The Dow Jones Industrial Average (NYSEARCA:DIA) is down by 0.58% and stands at 11,914. The following large stocks are among the negative performers today bringing down stocks.

Alcoa Inc. (NYSE:AA): Alcoa will upgrade its operations by spending $2.1 billion over the next five years through cost cuts and raised output at three Quebec smelters. The shares recently traded at $10.65, down $0.28, or 2.56%. They have traded in a 52-week range of $8.45 to $18.47. Volume today was 19,604,536 shares versus a 3-month average volume of 35,126,400 shares. The company’s trailing P/E is 11.18, while trailing earnings are $0.95 per share.

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Bank of America Corporation (NYSE:BAC): Bank of America Corp. will sell its stake in the largest Pizza Hut Franchisee to private-equity firm Olympus Partners for $755 million. The shares recently traded at $6.36, down $0.13, or 2%. They have traded in a 52-week range of $5.13 to $15.31. Volume today was 122,679,574 shares versus a 3-month average volume of 314,538,000 shares. The company’s trailing earnings are $-0.31 per share.

Caterpillar Inc. (NYSE:CAT): Caterpillar and Danish company Vestas Wind Systems (VWS) signed a 10-year agreement to remanufacture wind turbine components. The shares recently traded at $93.94, down $1.8, or 1.88%. They have traded in a 52-week range of $67.54 to $116.55. Volume today was 4,058,215 shares versus a 3-month average volume of 11,792,800 shares. The company’s trailing P/E is 14.36, while trailing earnings are $6.54 per share.

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