Alcoa and 2 DJIA Stocks Heading Lower on Weak Economic Data

The Dow Jones Industrial Average (NYSEARCA:DIA) is down today by 0.18% and stands at 12,851. Weak retail sales really hit the index this morning.

JP Morgan and Chase (NYSE:JPM): Disappointing retail sales numbers have many people questioning the strength of the recovery in the U.S., and that is hurting financial stocks the most today. JPM shares recently traded at $37.70, down $0.6, or 1.57%. They have traded in a 52-week range of $27.85 to $48.36. Volume today was 16,071,211 shares versus a 3-month average volume of 36,793,100 shares. The company’s trailing P/E is 8.39, while trailing earnings are $4.48 per share.

Bank of America (NYSE:BAC): Citigroup has moved Bank of America from Buy to Neutral. The markets have focused on BAC’s improved capital position, but earnings of the bank remain weak. BAC shares recently traded at $8.00, down $0.25, or 3.03%. They have traded in a 52-week range of $4.92 to $14.91. Volume today was 246,858,606 shares versus a 3-month average volume of 278,760,000 shares. The company’s trailing P/E is 796.00, while trailing earnings are $0.01 per share.

Alcoa (NYSE:AA): Materials stocks are down today, with Alcoa leading the way as weaker retail sales has the market lower. AA shares recently traded at $10.15, down $0.18, or 1.74%. They have traded in a 52-week range of $8.45 to $18.47. Volume today was 14,687,813 shares versus a 3-month average volume of 28,688,600 shares. The company’s trailing P/E is 18.50, while trailing earnings are $0.55 per share.

To contact the reporter on this story: Scott Gillette at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

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