Stocks rose on Friday after a government report showed that inflation was tame in September, which will leave consumers with more money to spend if the trend holds up. The Labor Department said Friday that wholesale prices rose 1.1 percent in September. This week saw mixed results from U.S. corporations like Alcoa, Safeway and Yum Brands.
Futures appear to be suggesting a weekly decline, however, as economic headwinds in both Europe and Asia weigh on U.S. indexes. The nation's largest bank, JPMorgan Chase, posted record quarterly profit Friday and blew away Wall Street expectations. This week saw mixed results from U.S. corporations like Alcoa, Safeway and Yum Brands.
Bank and energy stocks led the way lower after investors had a mixed reaction to earnings reports from JPMorgan Chase and Wells Fargo. Investors haven't had much to get excited about, with mixed results this week from U.S. companies including Alcoa, Safeway and Yum Brands. The S&P 500 is up more than 11 percent since June 1.
Jim Cramer explains how the bulls and bears duked it out Wednesday, like two opposing teams on the football field.
NEW YORK-- Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market:. Yum Brands Inc., up $5.28 at $70.99. FedEx Corp., up $4.41 at $89.99.
TORONTO, Oct 10- Canada's main stock index hit its lowest closing level in nearly five weeks on Wednesday, driven downward by falling financial and energy shares after the start of the U.S. earnings season flashed mixed signals for the global economy. posting a quarterly net loss and a weaker consumption outlook for China, while Chevron's.
NEW YORK-- Downbeat reports from Alcoa and Chevron at the start of corporate earnings season pulled stock indexes lower for a third straight day Wednesday. Alcoa, the aluminum producer, beat Wall Street's earnings estimates on Tuesday night but said it expects a slowdown in China to weaken demand for aluminum.
Stocks finished near session lows Wednesday, with the Dow logging another triple-digit loss, pressured by a tepid start to earnings season and worries over the sluggish global economic growth.
Yum! Brands surged nearly 9 percent after its earnings report showed no major drop off in business in China. But analysts see margin pressure looming.
Weakening prices midday don’t necessarily mean the rally has ended, “Fast Money” pros said Wednesday on CNBC.
TORONTO, Oct 10- Canada's main stock index was slightly lower on Wednesday morning as materials shares strengthened and financials weakened after the starting round of the U.S. earnings season flashed mixed signals. A warning from Alcoa Inc.
*Alcoa beats expectations but cautions of slowdown. *Yum Brands defies China sluggish growth, raises outlook. NEW YORK, Oct 10- U.S. stocks dipped on Wednesday as earnings season began with Alcoa forecasting slower demand for aluminum, while a profit warning from Chevron weighed on the energy sector.
Rachael Rothman, Susquehanna Financial Group analyst, and Jeffrey Bernstein break down the company's third quarter earnings of $0.99 per share versus $0.97 est, on revenues of $3.57 billion.
NEW YORK-- Downbeat reports from Alcoa and Chevron at the start of a critical corporate earnings season pulled stock indexes lower for a third straight day Wednesday. Alcoa, the aluminum producer, beat Wall Street earnings estimates on Tuesday night but said it expects a slowdown in China to weaken demand for aluminum.
LOUISVILLE, Ky.-- The owner of the Taco Bell, Pizza Hut and KFC chains predicted Wednesday its fast-growing China business will serve up another round of strong profit growth next year despite a slowing economy in its most important overseas market.
It's early in the third-quarter earnings season, but two trends are emerging.
NEW YORK, Oct 10- U.S. stocks opened flat on Wednesday as earnings season began mixed, with Alcoa Inc warning on slowing aluminum consumption but Yum Brands raising its outlook. The Dow Jones industrial average was down 19.35 points, or 0.14 percent, at 13,454.18. The Nasdaq Composite Index was down 1.06 points, or 0.03 percent, at 3,063.96.
*Alcoa beats expectations but cautions of slowdown. *Yum Brands defies China sluggish growth, raises outlook. NEW YORK, Oct 10- U.S. stocks were set for a slightly lower open on Wednesday as earnings season started with a warning from Alcoa about slower aluminum consumption, underscoring concerns about sluggish worldwide growth.
Take a look at some of Wednesdays morning movers.
U.S stock index futures struggled for direction Wednesday amid ongoing worries over the euro zone and jitters about sluggish global growth.