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Aluminum maker Alcoa rose the most of major U.S. stocks after reporting earnings that were better than investors were expecting. Alcoa rose 3 percent in early trading. Facebook rose 2 percent and Microsoft rose 1 percent.
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.
NEW YORK— Once again, it was the Federal Reserve to the rescue for the stock market. Facebook rose the most in the S&P 500, jumping 7.3 percent, followed closely by biotech company Vertex Pharmaceuticals, up 7 percent.
The "Squawk on the Street" news team break down Alcoa's quarterly revenue and earnings beat.
*Alcoa higher in premarket after earnings. NEW YORK, April 9- U.S. stocks were set for a modestly higher open 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.
Companies are making headlines before the bell.
NEW YORK, April 9- U.S. stock index futures were flat on Wednesday, after the S&P 500 managed to halt a three-day losing skid, in the wake of earnings from Alcoa and ahead of the minutes from the last Federal Reserve meeting.
Japan's benchmark index extended losses on Wednesday but the rest of Asian shares rose following a recovery on Wall Street overnight.
LONDON, April 9- European shares rebounded on Wednesday, led by automakers, although caution ahead of the European earnings season could keep gains under check. Volkswagen rose 2.8 percent and Porsche 3.9 percent after Bernstein raised its ratings for the shares, traders said. It also said Volkswagen had extensive exposure to a European market recovery.
U.S. stock index futures pointed to a higher open on Wall Street on Wednesday, after better-than-expected results from Alcoa.
LONDON, April 9- European shares advanced on Wednesday, with automakers leading the market higher on a positive growth outlook for some major companies, although caution ahead of the European earnings season could keep gains under check.
Appetite for stocks was boosted by a recovery on Wall Street overnight, although rising gold and oil prices demonstrated the market's vulnerability to continued tensions in Ukraine, where the United States accused Russian agents on Tuesday of stirring separatist unrest.
The dollar was trading at about 102 yen, a drop from about 104 yen a month earlier that, if sustained, could hurt sales and earnings at export-reliant companies. The latest bout of yen strength came after the Bank of Japan failed to announce fresh stimulus measures earlier this week.
After talking with CEO Klaus Kleinfeld, Jim Cramer is convinced that Alcoa has reinvented itself.
Alcoa is among the companies are making headlines after the bell Tuesday.
U.S. stocks climbed on Tuesday as Wall Street looked to first-quarter earnings.
*Amazon.com, Yahoo shares jump; investors buy Internet' bargains'. *Alcoa starts earnings season; shares up after results. The day's biggest gainers included Amazon.com Inc, up 2.9 percent at $327.07; Yahoo Inc, up 2.3 percent at $33.83; and LinkedIn Corp, up 5.9 percent at $169.10.
NEW YORK, April 8- The dollar and euro fell sharply against the yen on Tuesday as hopes for additional stimulus out of Japan faded, while bargain-hunting on Wall Street lifted stock prices after three days of losses.
DALLAS— Alcoa Inc. lost $178 million in the first quarter as revenue fell on lower aluminum prices, but profit beat expectations after excluding charges to idle capacity at aluminum smelters and mills. The weak commodity prices are driving Alcoa to shift away from smelting.
Alcoa Chairman and CEO Klaus Kleinfeld, discusses his company's growth forecasts, as well as the outlook for aerospace.