Dow Jones Industry Average declined after China's inflation data

Dow Jones Industry Average inched down 0.28% to trade at 12736.29 amid dismal inflation data form China and Eurozone's fiscal instability.  However, speculation that the Fed will launch extra monetary stimulus limited losses of the blue chips index. Oil and gas companies moved lower on global energy demand concerns. Chevron and Exxon Mobil both plunged by 0.59% and 1.36%. Meanwhile, Alcoa Inc climbed 0.34%, after reporting higher than expected revenues for Q2. Financials also retreated, with Bank of America falling by 1.31%.