US markets take a breather after recent strong gains $AA:xnys $BAC $CAT

Last Updated on Wednesday, 12 October 2011 10:50

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US markets finished the session rather flat overnight with the NASDAQ outperforming the other majors on a day of light volumes due to Monday’s Columbus Day Public Holiday
US markets attention was on Alcoa as the aluminium giant unofficially kicked of the Q3 reporting season with a result that showed a slowdown in its earnings recovery as the European Debt Crisis and concerns about global demand put a dampener on underlying aluminium prices. The stock finished the session up but fell in after market trading to $9.77
Markets were slightly perturbed by news from Europe with the Slovakian government rejecting the last round of voting on the EFSF package
Leading the gains on the Dow were CAT, BAC and MCD which finished up 2.08%, 1.93% and 0.94% respectively
Dow Jones - 0.15% S&P500 + 0.05% NASDAQ + 0.66%
The EUR rallied to a 1.3683 high before pulling back, the AUD is currently trading at 0.9957 after earlier breaking through parity
Gold prices were mixed overnight and spot Crude closed down 0.2%

Published by Spectrum Live Pty Ltd | www.spectrumlive.com

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