Your Web Site
Alcoa to post report as market swoon builds By Shawn Langlois, MarketWatch SAN FRANCISCO (MarketWatch) - Alcoa Inc. will hand in its quarterly results on Tuesday, marking the onset of earnings season as dropping metals prices and the global financial crises have put Wall Street on high alert for troubling numbers. Shares of the aluminum giant have been under intense pressure in recent sessions along with just about every issue trading in the stock market. At last check, the Dow component had given up 53% since the beginning of the year while the blue-chip benchmark has dropped about 27% amid the turmoil in the financial markets. After a furious rise to their highest levels every in July on the back of heightened demand in emerging markets like China, aluminum prices have pulled back, eating into Alcoa's bottom line and... [read full story]
