Alcoa Kicks Off Earnings Season as Wall Street Rises Again (AA, MRK)

The second-quarter earnings season kicked off today and US stocks continued to rise for a third session. Several big reports came after the close of the bell including results from Alcoa (AA), whose shares rose 1.4%. Intel (INTC) was downgraded by several analysts and saw its stock drop about 3.6%. Economic reports in the US showed that consumer credit jumped in May on a surge in credit-card use and more jobs were added than expected for the month of June. The US dollar retreated from its three-year high on Monday as bond yields fell on taper expectations for the Fed's stimulus.

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Published on Jul 8, 2013
By InvestorGuide Staff

Copyrighted 2016. Content published with author's permission.

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