Wall Street edges down as Alcoa, Chevron weigh
NEW YORK (Reuters) – U. S. stocks dipped on Wednesday as earnings season began with Alcoa forecasting slower demand for aluminum, while a profit warning from Chevron weighed on the energy sector. But declines were muted as Yum Brands Inc , climbed 8 percent to $70. 99 and was the best performer on the S&P 500. The parent company of KFC and other fast-food restaurants raised its full-year outlook after sales in China held up despite slowing Chinese growth. The overall tone at the start of the earnings season was downbeat, however. . . .
View full post on Business News Headlines – Yahoo! News
Leave a Reply