While you were sleeping: Alcoa lifts mood

Wed, 09 Jul 2014

By Margreet Dietz July 10 (BusinessDesk) - Wall Street gained, rising for the first day in three, after Alcoa’s better-than-expected quarterly profit bolstered optimism about the US second-quarter earnings season. Shares of Alcoa soared, last up 6.1 percent, after the company posted a quarterly profit that surpassed expectations. In late afternoon trading in New York, the Dow Jones Industrial Average gained 0.48 percent, the Standard & Poor’s 500 index rose 0.62 percent, while the Nasdaq Composite Index added 0.32 percent. Gains...

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