Stocks fell sharply Tuesday after a surprise rate hike from China’s central bank and mixed quarterly earnings reports led to heavy selling in technology, materials and energy stocks.
Continue reading Dow Dives …
It’s the first decline since June 2009. Still, despite the dip, the nation’s industrial sector remains in an uptrend, and a weaker dollar may further boost international sales of key U.S. companies in the months ahead.
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The aluminum giant matched Wall Street’s profit expectations and exceeded the revenue estimates. Company execs say they see demand picking up as the year progresses. Alcoa shares jumped in after-hours trading.
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Earnings season unofficially kicks off after the markets close Thursday when Alcoa reports. And some big-name beat-and-raise earnings reports could be just the spark to ignite that market-moving dry powder.
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Alcoa, Marriott and Yum! Brands to kick off the third-quarter earnings season with modest earnings growth, while jobs numbers could be mixed.
Continue reading Week in Preview: New Earnings Season, Employment Da…