US stocks traded lower Tuesday after aluminium
manufacturer Alcoa started the quarterly blue-chip earnings season by
delivering operating profits that met Wall Street expectations.
Alcoa Inc, traditionally the first of the 30 components in the Dow Jones Industrial Average to report quarterly results, said that its sales slipped, but the decline was smaller than market expectations.
The Dow industrials fell 55.44 points, or 0.41 per cent, to 13,328.85. The broader Standard & Poor's 500 Index lost 4.74 points, or 0.32 per cent, to 1,457.15. The technology-heavy Nasdaq Composite Index was off 7.01 points, or 0.23 per cent, to 3,091.81.
The US currency rose to 76.45 euro cents from 76.23 euro cents on Monday. The dollar was down against the Japanese currency to 86.91 yen from 87.53 yen.
Most Popular Stories
- 2016 Camaro Shrinks, Moves to Caddy Platform
- More Hispanic Voters May Not Mean More Clout
- Eric Garcia Appointed as Revenue Chief
- Tablets, Cars Drive AT&T Gains
- New Effort to Ban Child Labor From Tobacco Farms
- Apple Pay Debuts With Few Issues
- Stocks Subdued After Gains Earlier in Week
- Government: 500 Million Records Stolen in 12 Months
- Pistorius Gets 5-year Sentence in Shooting Death
- Mom Makes Toys R Us Pull 'Breaking Bad' Dolls