Tuesday Recap & Evening Reads

Rollar Coaster Stock Market Up Down

Market performance stalled as all major indexes closed down for the second day in a row. On a positive note, Alcoa (AA) hit earnings estimates and raised its global aluminum outlook.

In 2013, Alcoa sees global aluminum demand growth of 7 percent, up from 6 percent in 2012 and ahead of the 6.5 percent rate required to meet the Companys forecast of a doubling in global aluminum demand between 2010 and 2020. Aluminum demand grew 10 percent in 2011 on top of 13 percent growth in 2010. (Business Wire)

 

  • DJIA closed at 13,328.80, down 0.41%
  • S&P 500 closed at 1,457.15, down 0.32%
  • NASDAQ closed at 3,091.81, down 0.23%
  • GOLD: 1,660.40, up 0.86%
  • OIL (WTI): 93.16, down 0.03%
  • U.S. 10-YEAR: 1.868%, down 0.029

 

Top stories:

Bond God Jeff Gundlach Unveils His Tremendous Presentation On The Outlook For Markets In 2013 – BI

Finra to Shine Light on Dark Pool Trading – WSJ

Secret Goldman Team Sidesteps Volcker After Blankfein Vow – Bloomberg

Global Risks 2013 by numbers – WEF

Comrade Barroso, the existential threat to the euro is mass unemployment – Telegraph

 

Most actively traded stocks today:

Most Active Stocks 1/8/2013

 

[Photo: BenSpark/Flickr]