While you were sleeping: Alcoa results fall short

Tue, 11 Oct 2016

By Margreet Dietz Oct. 12 (BusinessDesk) - Wall Street dropped after Alcoa kicked off the US earnings season with quarterly results that missed estimates and an outlook that fell short of expectations. “Alcoa is always the first off and seen as a bellwether for industrial demand,” Chris Gaffney, president of world markets at St. Louis-based EverBank, told Bloomberg. “People need to see strong earnings, especially with the thought that rates will start moving higher. The environment for companies is going to get less accommodating. The dri...

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