The DJIA loses its foothold as Alcoa Inc. (NYSE: AA) goes deeper into the red today

Bulls dropped Alcoa Inc. to fend, the DJIA goes down

In brief: Alcoa Inc. (NYSE: AA) shares cheaper on the background of the negative, Dow Jones Industrial Average is trying to return to the green zone.

Alcoa Inc. (NYSE: AA) is 11.64, the total loss of close to -0.07 or -0.64% at the end of the U.S. stock market trades. Alcoa Inc. (NYSE: AA) began trading in the green zone, but lost the support arm in an hour. The DJIA is reduced as well.

Dow Jones Industrial Average is near the mark of 10,653.87 points. Dow Jones Industrial lost -20.51 points (-0.19%), with the auction. At the same time, Baker Hughes is traded in the red by 13,5% against the background of the financial report. Quarterly profit rose to $ 93 million to $ 87 million a year earlier, but the results were lower than forecast values. Despite improved performance in North America, Russia and Asia, sales in Latin America and Africa, where the company has invested heavily, showed sluggish dynamics. Other oil service company W & T Offshore pleased with their performance for the second quarter: net profit increased more than fourfold to 37 cents per share, surpassing analysts’ estimates. The largest U.S. dairy company Dean Foods reported a quarterly profit fall to $ 44.8 million, or 25 cents a share, from $ 64.1 million, or 38 cents per share a year earlier as a result of lower prices for dairy products. This revenue has grown by 11% to $ 2.95 billion, however, broke up with estimates of analysts at $ 3 billion Dean Foods shares dropped to 8.09%.

Ukrainian Globalist
2010-08-03 19:03, Economics.

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