Markets Melt From Morning Lows – Remain In Red
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January 8, 2013 - 4:32pm
Closing Market Commentary For 01-08-2013
Markets recovered half of their losses from the mornings lows, but remained in the red all day. Volume was low for most of the session and picked up in the green by the closing bell.
Alcoa (AA) reported 4th quarter earnings at $0.06 in line with $0.06 expected. Revenue was $5.9 billion on 5.6 billion expected. So the earnings season starts off well. AA jumped from 5.10 to 9.34 in after hours trading and quickly settled down at 9.20.
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