(By Salman - iStockAnalyst Writer)
US stocks finished sharply lower on Monday after Lowe's Cos. weaker than expected quarterly losses aggravated doubts in the recovery's strength.
The Dow Jones Industrial Average fell 186.06 points or 2% to finish at 9,135.34. The S&P 500 lost 24.36 points or 2.43% to end at 979.73. The Nasdaq Composite slipped 54.68points or 2.75% to 1,930.84.
Shares of Alcoa Inc. (NYSE:
), the largest US aluminum maker, sank 86 cents or 6.48% to $13.71.
Equipment maker Caterpillar Inc.(NYSE:
) plummeted $2.05 or 4.46% to close at $43.95.
Among financials, Bank of America Corp. (NYSE:
) slid 83 cents or 4.77% to $16.55. JP Morgan (NYSE:
) declined $1.72 or 4.05% to $40.73. American Express Co. (NYSE:
) plunged $1.33 or 4.19% to $30.39.
Shares of home improvement retailer Home Depot Inc. (NYSE:
) skidded $1.03 or 3.80% to close at $26.11.
DuPont Co. (NYSE:
) lost $1.30 or 4.02% to $31.06.
General Electric (NYSE:
) tumbled 55 cents or 3.95% to $13.36.
Technology stocks finished with losses. Cisco Systems Inc.
