Ratings agency Moody's also kept a negative outlook on the rating.
The Dow dips below 13,000 after a key manufacturing index declines. Ford, GM and Chrysler post sales gains. Europe is in focus ahead of an ECB meeting. Netflix sinks on an Amazon streaming deal.
The company is seeing results from its restructuring efforts.
Sprint is upgraded to 'buy,' while Coca-Cola is downgraded to 'neutral.'
Japan reports weak growth, and Greece logs yet another quarter of contraction. Motorola Mobility will lay off 4,000 workers. Groupon posts earnings after the close.
UBS initiates Dell with a 'neutral' and Hewlett-Packard with a 'sell.'
Stocks head lower as investors remain cautious after a disappointing jobs report Friday and news of higher bond yields in both Spain and Italy.
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Serious issues like drought and the deterioration of the developed world spell opportunity for this industry leader.
The Market Dispatches column has been discontinued. Here's where to find the latest stock and business news on MSN Money, and the latest from market writer Charley Blaine.
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Breaking up big banks is an untested solution to the too big to fail problem that attempts to isolate and dismantle large, troubled institutions while protecting the rest of the economy.
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