U.S. stocks snap losing run on Alcoa surprise
Equities bounce back after 4% retreat
NEW YORK (MarketWatch) — U.S. stocks gained Wednesday, rebounding from an extended losing run after Spanish and Italian bond yields fell and aluminum maker Alcoa Inc. reported a surprising profit.
“The Alcoa report really helped key the rally. In general, the tone of the earnings season will be positive,” said Andrew Fitzpatrick, director of investments at Hinsdale Associates Inc. in Hinsdale, Ill.
The market will keep a close watch on weekly jobless claims data Thursday morning.
“As long as it’s under 400,000, and shows not much of an increase from last week and last month, that will alleviate some concerns on the jobs front” that came with last week’s monthly jobs, which was likely a “one-time anomaly,” Fitzpatrick added.
On Wednesday, The Dow Jones Industrial Average DJIA +0.70% rose 89.46 points, or 0.7%, to 12,805.3, halting a five-day losing streak, its longest since an eight-day run that ended Aug. 2, 2011.
Alcoa AA +6.22% rallied the most among the index’s 30 components, up 6.2%.
The aluminum maker’s surprise profit “speaks to what is happening elsewhere,” such as in China and Brazil, said Frances Hudson, an Edinburgh-based strategist at Standard Life Investments. “The world might be moving into a sustainable recovery even if China’s growth is slowing.”
That said, “the market is not trading on high volumes or great convictions, so the things moving the market seem to be relatively flimsy. We’ve got a long way to go from Alcoa’s earnings figures to having the whole of the S&P 500 reporting,” she commented.
The S&P 500 Index SPX +0.74% gained 10.12 points, or 0.7%, to 1,368.71, with financial firms leading and energy the poorest performeramong its 10 major industry groups.
The bar for first-quarter earnings results has been “set so low, it will be very difficult to not have upside earnings growth,” according to Art Hogan, a strategist at Lazard Capital Markets in New York, who points out that less than 30 of the S&P 500 pre-announced.
Just two S&P 500 sectors are expected to have positive earnings growth: technology and consumer staples, Hogan said.
The Nasdaq Composite COMP +0.84% added 12.24 points, or 0.8%, to 3,016.46.
For every stock declining, roughly four rose on the New York Stock Exchange, where nearly 590 million shares traded. Composite volume topped 3.7 billion.
http://www.marketwatch.com/story/us-stocks-op...2012-04-11
U.S. stocks snap losing run on Alcoa surprise Equities
Top 10 Most Recent News Articles
Webull Corp Caught in Legal Storm; Investors Take Note
A Legal Storm Brewing It's like walking into a saloon, expecting a smooth drink, only to find a bar fight breaking out in front of you. That's the scene with Webull Corporation (NASDAQ: BULL) right now. This time, they ain't just shooting the breeze; they're in the line of legal fire. SBS Law, a heavyweight in shareholder rights, is rallying the troops for a class action...
Continue Reading
AMTD IDEA Eyes Third NYC Hotel Amid Uncertain Deals
AMTD IDEA's Expansive NYC Hotel Pursuits When it comes to real estate, AMTD IDEA seems to be on a buying spree in the Big Apple. The company is now eyeballing a third hotel in New York City, marking what could be yet another bold move in its strategic expansion. But let's be frank: deals like these come with their fair share of volatility. As it stands, they're in...
Continue Reading
Chord's Zenlytic Move: A Power Play in AI Expansion
Chord's Bold Acquisition: Zenlytic Joins the Fold In a gutsy move that’s got folks buzzing, Chord has pulled Zenlytic into its orbit. Announced with a bang on November 3, 2026, this acquisition isn't just some flimsy, seasonal grab. They're doubling down on AI and doubling their revenue while they're at it. Now, brace yourselves: with giants like Verizon, J.Crew,...
Continue Reading
Jennifer Wills Takes Helm as Sole CEO of Kelleher
Jennifer Wills Leads Kelleher International Forward There's a fresh breeze blowing through the halls of Kelleher International, the luxury matchmaking firm. Jennifer Wills, a savvy player with her roots in law and finance, has stepped up as the sole CEO. After a decade of busting her chops at the firm, it's high time she's taken the helm. This ain't just a job transition;...
Continue Reading
Ningbo Consensus Drives Global Urban Cooperation Forward
At the Heart of Ningbo: A Collaborative Pact Pull up a chair because we're diving into how cities are shaking hands for a future that's open, connected, and buzzing with opportunity. Talk about the 2026 Global Mayors Dialogue in Ningbo — it’s more than just a fancy meet and greet. On November 3, mayors and city reps from 20 places across 15 countries, plus some big...
Continue Reading
Pearson-Westermann Partnership Boosts English Skills in Germany
Revolutionizing English Education in Germany Alright, folks, here's the scoop for all you with a toe in education and workforce development. Pearson and Westermann are shaking hands to tackle one of the biggest skills needed in Germany: English proficiency. This might sound like a dry move on the surface, but trust me, it's a game-changer for students and job seekers...
Continue Reading
Elite Academy Takes Bold Step in Ethical AI for Schools
Pioneering New Fronts in Education with AI Elite Academic Academy, a stalwart in California's public charter school landscape, has just taken a significant stride forward by stepping into the EDSAFE AI Alliance District Policy Lab. The move, announced in early November 2026, sees Elite diving into the intricate world of artificial intelligence in education, with a pointed...
Continue Reading
Natuvion and PwC's IT Roadbook: A Game-Changer?
IT Transformations: A Tough Nut to Crack Transforming IT systems isn't just about plugging in new tech. It's a beast of a task, fraught with pitfalls and peopled with ambitious project managers hoping to dodge them. Natuvion and PricewaterhouseCoopers (PwC) have put together a book that could be the guide folks need when wading into these complex waters. The 'Why' of...
Continue Reading
Hydden Welcomes Cybersecurity Veteran Charles Tango as CSO
Unpacking Charles Tango's Move to Hydden Nobody expects cybersecurity to be a stroll in the park, and it looks like Hydden just upped its game by bringing in Charles Tango, a heavyweight turned strategy guru. You might not know him, but this guy's got a track record that shouldn’t be ignored—like a grizzled old prizefighter just itching for a new opponent. A Veteran...
Continue Reading
Smartphone Durability: What Investors Need to Know
When a Drop Becomes a Cost-Benefit Analysis As someone who’s been around the block more times than I care to count, here’s a nugget for you: we rarely think about all the little things that could drill a hole in our pockets until they do. Take smartphones, the ubiquitous little beasts we carry everywhere. An accidental drop, one moment you’re butterfingering it in...
Continue ReadingTop 5 Most Recently Viewed Articles
GAC's Commitment to Excellence in National Games Success
Driving Success Through Innovation and Local Insight GAC has emerged as a pivotal player in shaping the experiences of athletes and attendees at the National Games. Recently, the event made waves in the Greater Bay Area, where GAC was proud to serve as the exclusive official automotive partner. This collaboration brought forth a range of high-quality vehicles to ensure...
Continue Reading
Cal-Maine Foods, Inc. Schedules Upcoming Second Quarter Results
Cal-Maine Foods, Inc. Announces Upcoming Fiscal Results Cal-Maine Foods, Inc. (NASDAQ: CALM) has recently revealed its plan to unveil financial results for the second quarter of fiscal 2025. This announcement is exciting for investors and stakeholders as they await insights into the company’s performance. Important Release Date The release is scheduled for Tuesday,...
Continue Reading
ST Engineering iDirect, MBSat Forge Middle East Satellite Hub
Satellite Services Take Off in the Middle East Never thought the day would come where the Middle East is on the threshold of leapfrogging satellite tech, but here we are. ST Engineering iDirect just locked arms with MBSat—yep, that's part of the Mohammed Al Barwani Group—to birth a next-gen satellite connectivity service hub in Oman and across surrounding areas....
Continue Reading
Nova Leap Health Initiates Incentive Stock Option Program
Nova Leap Health Corp. Announces Stock Options Grant NOVA LEAP HEALTH CORP. (TSXV: NLH) has recently made a significant move by issuing a variety of stock options aimed at incentivizing its directors, officers, and senior employees. This development is part of the company's strategy to foster growth within the rapidly expanding home health care sector. Details of the...
Continue Reading
Celebrating Culinary Excellence: International Sous Vide Day
Cuisine Solutions Celebrates International Sous Vide Day Honoring Global Sous Vide Excellence and the Future of Culinary Innovation Cuisine Solutions (NYSE: CUSI), the global leaders in sous vide since 1971, is excited to celebrate the annual International Sous Vide Day, recognizing years of pioneering efforts that have transformed culinary arts worldwide. What is Sous...
Continue Reading