1:00PM New York – Lincoln National Corporation led the decliners in the S&P 500 index with a loss of 29.2%. Cal-Maine Foods, Inc third quarter profit declines 46%.

Of the stocks in S&P 500 index, 10 increased, 489 declined and 1 were unchanged.

Lincoln National Corporation led the decliners in the S&P 500 index with a loss of 29.2% followed by losses in The Manitowoc Company, Inc with a loss of 28.8%, in General Motors Corporation of 23.7%, in Principal Financial Group, Inc of 15.0%, in Citigroup Inc of 11.4%.

Fifth Third Bancorp led gainers in the S&P 500 index with a rise of 3.4% followed by gains in Abbott Laboratories of 1.2%, in Altria Group, Inc of 0.9% and Philip Morris International Inc of 0.51%.

Other Movers

Bank of America Corporation (BAC) a bank company declined 11.8% or 87 cents to $6.46.

Cal-Maine Foods, Inc (CALM) declined 3.0% or 71 cents to $23.00 after the egg producer reported third quarter sales fell 3% to $270 million from $278 million a year ago. Net income in the quarter fell 46% to $30.8 million or $1.29 per diluted share compared to net income of $57.2 million or $2.41 per share a year ago.

CBS Corporation (CBS) declined 13.2% or 61 cents to $4.00 after the media company was downgraded by UBS AG.

China Petroleum & Chemical Corporation (SNP) fell 3.0% or $1.69 to $63.44 after the Asia’s biggest oil refiner reported full-year revenues rose 24% to Rmb 1.50 trillion from Rmb 1.21 trillion. Net profit fell 47.3% to Rmb 29.8 billion or Rmb 0.343 per diluted share compared to net profit of Rmb 56.5 billion or Rmb 0.652 per share a year earlier.

Citigroup Inc (C) a global diversified financial services company fell 7.6% or 20 cents to $2.42.

Deere & Company (DE) the world’s largest maker of agricultural equipment fell 7.2% or $2.54 to $32.52.

DryShips Inc (DRYS) slumped 17.9% or $1.01 to $4.85 after the commodities shipping line said it got a going concern notice from its auditors as the company reclassified $1.8 billion of long-term debt as current.

General Motors Corporation (GM) plunged 24.5% or 89 cents to $2.73 after the automaker may be forced to file bankruptcy and its chief executive was forced out over the weekend.

The Goldman Sachs Group, Inc (GS), global investment banking retreated 3.7% or $4.06 to $104.02. JPMorgan Chase & Co (JPM) a financial company dropped 5.1% or $1.41 to $25.99.

Lincoln National Corporation (LNC) declined 34.6% or $3.61 to $6.71 after the insurer was cut to “neutral” from “outperform” at Credit Suisse Group AG. The insurer plunged after the company failed to qualify to for the federal assistance.

Wells Fargo & Company (WFC) lost 4.8% or 76 cents to $14.83 after banks declined in trading.