While you were sleeping Earnings optimism lifts

Tue, 09 Jul 2013

By Margreet Dietz July 10 (BusinessDesk) - Equities on both sides of the Atlantic gained as Alcoa's better-than-expected second-quarter earnings bolstered optimism that corporate America will report solid results and outlooks. In late afternoon trading in New York, the Dow Jones Industrial Average added 0.57 percent, the Standard & Poor's 500 Index gained 0.78 percent, while the Nasdaq Composite Index climbed 0.62 percent. Aluminium producer Alcoa was the first Dow member to report second-quarter earnings after the close of the market yester...

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