Indexes Drop, Boeing Climbs, Regional Banks Hit Hard

US stock indexes closed down across the board on regional banks hitting 1996 lows and additional energy concerns. The DJIA slipped below 12,000 today before rebounding, ending the session at 12057.31 for a loss of -102.99. The Nasdaq fell -21.42 to 2436.31 and the S&P 500 gave back -9.82 closing at 1341.11.

Boeing (BA | Quote | Chart | News | PowerRating) - The aircraft manufacturer climbed .30 cents or .40% to $74.68/share after being rewarded with another chance to bid on a $35 billion military contract.

Fifth Third Bancorp (FITB | Quote | Chart | News | PowerRating) was hit hard after cutting its dividend and stating it will sell shares. The bank collapsed 27.10% or $3.47 to $9.26

General Mills (GIS | Quote | Chart | News | PowerRating) - The cereal maker rose 3.21% or $1.95 to $62.68/share after beating analysts profit estimates and making bullish comments.

CarMax Inc. (KMX | Quote | Chart | News | PowerRating) fell 13.20% or $2.42 to $15.95 after reporting first quarter profit 40% under estimates.

Oil climbed $2.32 to $136.33/barrel on Nigerian concerns, gold added $6.60 to $893.50/oz and the VIX climbed 5.25% to 22.24.