Earnings season kicks off with the aluminum maker surprising Wall Street. Also, JCPenney ousts CEO Ron Johnson.
Investors also appear ready to put Friday's disappointing US employment report behind them, as earnings season gets started.
The Dow falls 110 points. The Nasdaq slumps for a 3rd day. Earnings boost Yum Brands shares after hours; Alcoa drifts. Apple weighs on techs again. A downgrade hits Intel; Cummins trims its revenue guidance. Oil rises on more Middle East tensions.
Apple drops on worries about iPhone supplies and worker unrest in China. Netflix soars on an upgrade. Facebook falls on a 'sell' call. Alcoa rises ahead of Tuesday's earnings results. Gold and crude oil move lower.
The Dow falls 83 after engine-maker Cummins sees demand weakening in the US and abroad. Alcoa earnings don't impress. AMD and Applied Materials shares slide on warnings. JC Penney falls on a downgrade. Gold and crude oil slide.
The Dow falls 36 in its third straight loss. Alcoa results meet Street estimates as a weak earnings season starts. Weakness in China, Japan and Europe are concerns. Boeing lands 2 big orders. Oil and gold rally.
It may be the worst 3 years, starting with Alcoa, Yum Brands, JPMorgan and Wells Fargo this week. Also watch oil, gold and corn prices.
First-quarter earnings growth is expected to shrink. That could make the week ahead volatile -- especially after Friday's disappointing jobs report. The week's big reports include Alcoa, Google, JPMorgan Chase and Wells Fargo.
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The Dow is off slightly on the day, after falling nearly 130 points at the open. Decent reports on jobless claims and new-home sales helped.
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