Stocks are higher as Alcoa unofficially kicks off earnings season with a better-than-expected report.
Investors optimism improves after China reported better than expected inflation figures.
As is the case every quarter, unexpectedly good or bad results have the potential to reshape the market's views of a particular company, an industry or even the asset class as a whole.
US markets are set for a higher open ahead of Alcoa reporting results later in the day.
Alcoa and Family Dollar to report earnings. Oil breaks above the $100 mark. Honda teams up with General Motors. Retail sector to report June chain store sales.
Based on the company's performance and growth outlook, investors should be optimistic about the future.
Chipotle is upgraded to 'buy,' and Alcoa is downgraded to 'neutral.'
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The offering could become the second-biggest this year if underwriters exercise an option to buy more shares.
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