While you were sleeping: Alcoa lifts mood

Tue, 13 Jan 2015

By Margreet Dietz Jan. 14 (BusinessDesk) - Wall Street rose after better-than-expected earnings from Alcoa eased concern that the slump in oil prices and flagging economies outside of the US had shrunk American corporate profits. In afternoon trading in New York, the Dow Jones Industrial Average rose 0.80 percent, the Standard & Poor’s 500 Index gained 0.57 percent, while the Nasdaq Composite Index climbed 0.96 percent. Gains in shares of Visa and those of IBM, last up 1.7 percent and 1.5 percent respectively, led the Dow higher. A...

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