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Article: Stock Market News for October 8, 2009
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- Zacks Investment Research -
- Article date:
- October 8, 2009
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Stock Market News for October 8, 2009
Investors waiting for corporate earnings reports to start rolling in made only modest moves on Wednesday after stocks posted their best two-day gain since mid-July. With little economic news to direct trading, investors were waiting for earnings reports from the July-September quarter for signals about the economy.
Aluminum maker Alcoa released its numbers, but the report did not arrive until after the closing bell. Still, investors were happy with the news that the company was profitable again after three losing quarters, and that revenue and earnings beat expectations. Alcoa stock rose in extended-hours trading.
Investors spent Wednesday ...