Daily Wrap
DJIA +75.65 (+0.50%) to 15,300.34;S&P 500 +11.86 (+0.72%) to 1,652.32;NASDAQ +19.43 (+0.56%) to 3,504.26 Some don’t think it is the right way to start the season but Alcoa ( AA ) still is known for kicking off earnings and this much maligned stock and company. AA reported EPS that beat analysts expectations (7c vs 6c) on just slightly lower than expected revenue ($5.8B vs $5.83B). After reporting last night, AA closed almost exactly flat today but considering AA recently bounced I would say it held the recent move. Is the bottom in AA in? It could be. Everyone that has thought that…
Daily Wrap
DJIA +166.03 (+1.28%) to 13,104.14; S&P 500 +23.76 (+1.69%) to 1,426.19; NASDAQ +59.20 (+2.00%) to 3,019.51 Today started with a gap lower that only lasted the first 10-15 minutes and we were off to the races for the rest of the day. There was some small economic news out today that was better than expected but the rally and optimism was on the headlines that congress was close to a fiscal cliff deal and the majority of the headlines were different congressional opinions and updates regarding the cliff. In the news today was Duff & Phelps (DUF) which agreed to…