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Indexes fell on Wall Street as investors reacted to another weak forecast on the global economy and ahead of the traditional start of earnings season: results from Alcoa, the aluminum maker and economic bellwether, which come out after the closing bell.
The Irvine, Calif. company said Monday after markets closed that its total revenue rose 9 percent to $448 million, well short of its initial forecast for $465 million to $485 million. It said sales of Sapien heart valves totaled about $124 million, including $55 million in U.S. revenue.
U.S stock index futures struggled for direction Tuesday as investors remained on edge over worries about slowing global growth and ahead of the third-quarter earnings season.
*Alcoa to start earnings season after the close. The IMF warnings come on the heels of a lowered forecast for growth in the East Asia-Pacific region by the World Bank on concerns China's slowdown could last longer than expected.
Oct 9- Edwards Lifesciences Corp:. *UBS cuts Edwards Lifesciences Corp price target to $95 from $110;. Reuters Station users, click. 1568.
Take a look at some of Tuesdays morning movers.
**ALCOA INC, Monday close $9.12, up 0.5 pct post-market. **YUM BRANDS, Monday close $66.94,. **CHEVRON CORP, Monday close $117.62.
*Alcoa to start earnings season after the close. *The IMF warnings comes on the heels of a growth forecast cut for East Asia by the World Bank on concerns China's slowdown could last longer than expected.
Oct 9- Edwards Lifesciences Corp:. *Lazard raises Edwards Lifesciences price target to $100 from $110,. Reuters Station users, click. 1568.
PARIS, Oct 9-* U.S. stock index futures pointed to a lower open on Wall Street on Tuesday, with futures for the S&P 500 down 0.21 percent, Dow Jones futures 0.13 percent lower and Nasdaq 100 futures down 0.36 percent at 0922 GMT.
*Canaccord Genuity cuts Edwards Lifesciences target price to $109 from. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
Oct 9- Edwards Lifesciences Corp:. *S&P Capital IQ cuts Edwards Lifesciences target price to $101 from. Reuters Station users, click. 1568.
IRVINE, Calif.-- Edwards Lifesciences Corp. shares fell nearly 16 percent in after-hours trading Monday following a disappointing third-quarter revenue forecast Monday, including weak sales of its Sapien heart valve. Edwards said government austerity measures hurt its revenue from Europe while U.S. sales are constrained by Medicare coverage issues.
Check out which companies are making headlines after the bell Monday.
Oct 2- Edwards Lifesciences Corp:. *Thinkequity raises Edwards Lifesciences Corp price target to $121 from. Reuters Station users, click. 1568.
Cramer makes the call on viewers' favorite stocks.
Risk-on sectors have stabilized in June, after tumbling to their lowest levels this year at the start of the month.
Take a look at some of Thursday’s morning movers:
Take a look at some of Monday's midday movers:
Stocks closed at session highs Monday, logging their best one-day rally in almost two weeks, boosted by Ben Bernanke's earlier comments that the Fed may continue its easy monetary policy if the jobs market continues to show signs of weakness. Stocks are on track to post their best quarter since 1998.