Wall Street rises as Alcoa gives lift to earnings season
NEW YORK (Reuters) – Wall Street rose on Wednesday after Alcoa got the earnings season under way with better-than-expected revenue and an encouraging outlook for the year. Alcoa Inc said it expects global demand for aluminum will continue to grow in 2013, though the company kept a cautious tone as worries lingered over a looming U. S. budget confrontation. Shares of Alcoa, the largest aluminum producer in the United States, rose 0. 5 percent to $9. 18. Still, investors are wary about the outcome of the fourth-quarter earnings season. . . .
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