Blue chips Chevron, Alcoa lead Wall Street’s sell-off
NEW YORK (Reuters) – The S&P 500 fell for a fourth day on Wednesday, weighed down by disappointing news from Chevron and Alcoa as earnings season got under way. Chevron shares dropped 4. 2 percent to $112. 45 after it said third-quarter profits would be "substantially lower" than the previous quarter, while Alcoa fell 4. 6 percent to $8. 71 after it posted a quarterly loss. The company cut its outlook for global aluminum demand, citing a slowdown in China. Both stocks are Dow components, and the blue-chip average posted its biggest daily percentage drop since early July. . . .
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