Gas Prices in 2014 May Have Peaked; Alcoa Tops Earning Expectations by 50%
Stocks further retreated today and the Dow Jones even closed the day below 17,000. U.S. consumers paid the highest gas prices for Fourth of July since 2008, but it looks like gas prices for the year may have peaked. Oil is trading down 19 cents today to $103.34 a barrel, experiencing its eight-straight daily drop. Alcoa (AA) reported much better-than-expected Q2 earnings today. Shares rose over 2% in after hours trading after the company revealed quarterly profit of 18 cents a share, topping earnings expectations by nearly 50%.
Word on the Street
Published on Jul 8, 2014By InvestorGuide Staff