Tuesday, January 11, 2011

Aluminum maker Alcoa reported a fourth-quarter profit after bell

U.S. stocks on Monday ended lower as investors took a wait-and-see approach ahead of the unofficial kickoff of earnings season after the close.
“All in all it’s sort of a mixed day given the tragic events over the weekend and the fact that there is no economic data to guide the market,” said Stuart Hoffman, chief economist at PNC Financial Services.
“The whole earnings season kicking off tonight is another reason nobody is making big bets right now,” Hoffman said.

Finance ministers of the European Union are scheduled to meet next Monday in Brussels.
“I would say Europe’s problems are still closely watched on this side of the pond but for right now, it’s not making too big waves,” said PNC’s Hoffman

Dow Jones Industrial Average

 (DJI: ^DJI )
Index Value:11,637.45
Trade Time:4:03PM EST
Change:Down 37.31 (0.32%)
Prev Close:11,674.76
Open:11,672.34
Day's Range:11,573.87 -11,677.33
52wk Range:9,596.04 -11,795.80

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