Investors are starting to score from some S&P 500 stocks springing back from a long period of suffering. USA Today reports.» Read More
LONDON, July 9- European stock markets were mixed on Wednesday, regaining some poise after a drop in the previous session, though disappointing trading updates from French caterer Sodexo and U.K. insurer Admiral weighed.
LONDON, July 9- European stock markets were steady on Wednesday, regaining some poise after a drop in the previous session, although French catering and services group Sodexo fell after cutting its revenue target.
Asian equities extended losses into a third session on Wednesday following a selloff on Wall Street overnight and steady Chinese inflation data.
Charles Bradford, President of Bradford Research, attributes Alcoa's strong second quarter profits to a surprise rise in income from its primary commodity business.
SYDNEY, July 9- London copper prices steadied on Wednesday near their highest in almost five months, underpinned by shrinking supply and improving prospects for global growth. *Three-month copper on the London Metal Exchange had edged up 0.2 percent to $7,146.75 a tonne by 0109 GMT, from the previous session when it hit its highest since Feb. 19 at $7,212 a tonne.
July 8- Alcoa Inc's chief executive officer said on Tuesday the aluminum company would push deeper into the market for more profitable finished products like truck wheels and aircraft fuselages as it reported quarterly results that beat analysts' expectations.
Check out which companies are making headlines after the bell Tuesday: Alcoa, Container Store, Bob Evans & more.
Financial advisors, in a snap CNBC survey, say their clients are mostly invested in the stock market and plan to hang onto their holdings.
*S&P 500 holds near-term support. *Alcoa climbs in extended trade after results. NEW YORK, July 8- U.S. stocks fell in a broad selloff on Tuesday, dropping for a second straight session and driving the Dow below 17,000 as investors turned cautious before the start of earnings season.
July 8- Aluminum producer Alcoa Inc reported a second-quarter profit and revenue that beat analysts' expectations, as the company focused on selling products from its downstream business, which include truck wheels and aircraft fuselages. The company earned $138 million, or 12 cents a share, compared with a loss of $119 million, or a loss of 11 cents, a year earlier.
Stocks fell Tuesday, extending losses into a second day, as investors braced for quarterly earnings and considered valuations.
Alcoa's Chairman and CEO Klaus Kleinfield, discusses his company's investment in acquisitions and expansion opportunities, after his company reported strong Q2 earnings.
Alcoa is reporting Q2 EPS of $0.18 ex-items on revenue of $5.84 billion, with CNBC's Morgan Brennan.
Alcoa outperformed in its second quarter. Its Chairman and CEO Klaus Kleinfield, explains its improving commodities cost position, and the outlook for its various units, including aerospace.
Alcoa reported earnings of 18 cents a share, excluding certain items, on revenue of $5.84 billion.
*Alcoa to report after market close; revenue seen down. NEW YORK, July 8- U.S. stocks fell in a broad selloff on Tuesday, dropping for a second straight session as investors showed caution ahead of the start of earnings season.
CNBC's Morgan Brennan previews how a shift in manufacturing could impact Alcoa's earnings report.
*Alcoa to report after market close, revenue seen down. NEW YORK, July 8- U.S. stocks fell in a broad selloff on Tuesday, dropping for a second straight session in their biggest one-day drop in almost two months as investors pulled back ahead of the start of corporate earnings season.
European shares ended the day lower, dragged down by banking stocks amid reports that more lenders had begun settlement talks with U.S. authorities.
*Alcoa to report after market close, revenue seen down. NEW YORK, July 8- U.S. stocks fell for a second day in a broad decline on Tuesday as investors held off from making big bets going into the start of corporate earnings season.