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Alcoa Earnings Sends Markets Lower
January 12th, 2010
Stock market futures are falling this morning after Alcoa Inc. disappointed Wall Street as it kicked off earnings season yesterday after the closing bell. As one of the first companies in the S&P500 index to report quarterly results, Alcoa’s earnings are often seen as a very good barometer for how companies will fare during the earnings season – clearly the bar has been set lower. Alcoa said it earned a measly 1 cent a share excluding one-time items and special charges. Analysts expected earnings of 6 cents per share.
Per the stock chart of Alcoa, moving lower to the from the trendline breakout is likely to happen today.
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| DJIA | 10320.10 | ||||
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