Dow Adds 146 Points on Solid Earnings and Outlooks
Stocks vaulted higher Tuesday as industrial bellwethers Alcoa and CSX reassured the market about the pace of the economic recovery. All three major averages extended their winning streaks.
Stocks vaulted higher Tuesday as industrial bellwethers Alcoa and CSX reassured the market about the pace of the economic recovery. All three major averages extended their winning streaks.
Second-quarter earnings reports start coming in this week when Alcoa releases its latest results on Monday. This week's other anticipated quarterly reports include those from industry bellwethers Intel, Google and JPMorgan Chase.
Aluminum giant Alcoa on Monday posted a narrower fourth-quarter net loss, helped by costs cuts and higher aluminum prices, but its earnings fell short of Wall Street's forecast. The question now is: Will the earnings miss trigger a wider sell-off on Tuesday?
Stocks rallied on the first trading day of the new year as manufacturing data at both home and abroad bolstered the case for the global economic recovery.




