Alcoa and Chevron Turn Lower as Stocks Slip; Costco, Yum Rising
Posted on October 10, 2012 at 09:03 AM EDT
Investors have been bracing themselves for a very weak earnings season. And Alcoa’s (AA) earnings report, after initially causing the stock to jump late on Tuesday, is raising some red flags. The company cut its expectations for growth in aluminum consumption in 2012, even as it reaffirmed its expectations that aluminum demand will double between [...]