April 25, 2024

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…