With GE leading the way, the Internet of Things has experts giddy about what it could do not only for the global economy but for industrial stocks.» Read More
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at the close of trading:. AT&T Inc. rose 1.2 percent to $36.10 with 23,832,000 shares traded. Alcoa Inc. rose 2.8 percent to $13.42 with 36,770,000 shares traded.
Yahoo and Delta Air Lines were among the companies posting big gains. Stocks started climbing from the opening bell on Wednesday as investors cheered the latest quarterly earnings report from Yahoo. The Web pioneer reported late Tuesday that it is making most of its money from its stakes in two Asian Internet companies: China's Alibaba Group and Yahoo Japan.
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at the close of trading:. Advanced Micro Devices Inc. rose 1.6 percent to $3.71 with 22,506,600 shares traded. Alcoa Inc. rose 2.6 percent to $12.86 with 29,500,100 shares traded.
NEW YORK— Fitch Ratings Service downgraded Alcoa's credit rating to "junk" status on Friday, saying it thinks the company's leverage will stay high and aluminum prices and profitability will remain low. High levels of aluminum supplies have hurt Alcoa's prices, and the company has repeatedly cut its smelting capacity in response.
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at the close of trading:. AT&T Inc. rose. 2 percent to $35.20 with 34,303,500 shares traded. Alcoa Inc. fell 1.3 percent to $12.54 with 44,879,300 shares traded.
Earnings season is officially underway, and based on historical results, some sectors tend to perform better than others in the first quarter.
A dovish Fed managed to reverse market perception that it would be more aggressive with rate hikes and spun the onus back to the economy.
LONDON— Another drop in the tech-heavy Nasdaq index prompted renewed jitters across financial markets on Thursday despite earlier relief over Greece's successful bond market return. In Europe, the FTSE 100 index of leading British shares closed up 0.1 percent at 6,641.97 but Germany's DAX fell 0.6 percent to 9,454.54.
NEW YORK, April 9- U.S. stocks rallied on Wednesday after minutes from the Federal Reserve's latest policy meeting showed a more supportive central bank than investors had previously expected.
U.S. stocks rose on Wednesday after Alcoa's quarterly profit topped expectations.
*Alcoa's results help boost sentiment, shares rise 3.8 percent. Stocks on Wall Street jumped, with the Nasdaq rising more than 1 percent, and prices for U.S. government debt fell.
Facebook shares jumped 5.6 percent to $61.45. "People are taking solace in the idea that the Fed may be more accommodative than previously thought, for longer than previously thought," said Steve Sosnick, equity-risk manager at Timber Hill/Interactive Brokers Group in Greenwich, Connecticut.
*Alcoa's results boost sentiment, shares rise 3.5 percent. U.S. stocks rose for a second session, buoyed after Alcoa late Tuesday reported quarterly results that topped analysts' expectations, even though the company's adjusted profit fell due to declining aluminum prices.
European shares closed higher on Wednesday, following a rebound led by the auto sector, after the heavy selling seen at the start of the week.
*Senator opposes Comcast deal to buy Time Warner Cable. NEW YORK, April 9- U.S. stocks rose for a second session on Wednesday, buoyed by a rise in Alcoa shares ahead of the release of minutes from the latest Federal Open Market Committee meeting.
*Alcoa's better-than-expected results boost investor sentiment. NEW YORK, April 9- U.S. and European equity markets rose on Wednesday after Alcoa's better-than-expected results boosted investor sentiment on first-quarter corporate earnings, while the dollar gained on hopes for higher U.S. economic growth after a bitter winter.
NEW YORK, April 9- U.S. stocks edged higher on Wednesday, putting the S&P 500 on track for a second straight advance, in the wake of earnings from Alcoa and ahead of the minutes from the last Federal Reserve meeting.
*Bernstein upgrades lift Porsche and Volkswagen. The STOXX Europe 600 Automobile& Auto Parts Index was the best-performing equity sector in Europe, rising 1.3 percent as Volkswagen and Porsche both benefited from an upgrade by the brokerage Bernstein. Bernstein raised its rating on Porsche and Volkswagen to "outperform" from "market perform".
NEW YORK, April 9- U.S. stocks opened higher on Wednesday, putting the S&P 500 on track for a second straight advance, after Alcoa Inc reported adjusted profits that beat expectations. The Nasdaq Composite Index was up 20.37 points, or 0.50 percent, at 4,133.36. Shares of Alcoa rose 4.5 percent to $13.11.
The "Squawk on the Street" news team break down Alcoa's quarterly revenue and earnings beat.