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Bellwether or not, Alcoa signals start to earnings

Trader on the floor of the New York Stock Exchange.
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Depending upon who is talking, the official, or unofficial, start to the earnings season begins after Tuesday's close with the release of quarterly results from Alcoa.

"They are the first company of note that reports subsequent to the end of the first quarter," Mark Luschini, chief investment strategist at Janney Montgomery Scott, said of the aluminum producer, which was dropped from the Dow Jones Industrial Average in September after being a blue-chip for 54 years.

"I know it's called a bellwether, but a bellwether for what, I have no idea. To me it's not," said Luschini.