Stocks traded higher on Friday maintaining brighter economics while Greece’s Debt concerns calm down. For More information regarding the most Up-to-Date Stock Market Information, make sure to visit the Most Exclusive and In Depth newsletter website at: http://www.wallstreetgrand.com/.
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Stocks traded higher on Friday, April 09, 2010, with the Dow Jones Industrial Average (DJIA) tailgating the 11,000 mark, maintained by a brighter economic background, and anxiety levels of Greece’s Debt concerns calming down.
The Dow was adding 51 points, or 0.5%, to 10,978. The Nasdaq boosted up 9 points, or 0.4%, while the s&p 500 progressed 5 points, or 0.5%,
Alcoa Inc. (NYSE:AA) was the Dow's weakest factor, with percentages down 2.6%, after JPMorgan Chase (NYSE:JPM) cut its investment rating on the stock to "neutral" from "overweight."
About Alcoa Inc:
Alcoa Inc. engages in the production and management of primary aluminum, fabricated aluminum, and alumina worldwide. The company involves in the technology, mining, refining, smelting, fabricating, and recycling of aluminum. Its nonaluminum products include precision castings, and aerospace and industrial fasteners. Alcoa offers flat-rolled products, such as sheet and plate, foil products, and can reclamations; engineered products and solutions, including titanium, aluminum and super alloy investment castings, hard alloy extrusions, forgings and fasteners, aluminum wheels, integrated aluminum structural systems, and architectural extrusions; and automotive components. Its products are used in aircraft, automobiles, commercial transportation, packaging, building and construction, oil and gas, defense, and industrial applications. The company holds interests in bauxite mining activities. It has operations in Australia, Brazil, China, Iceland, Guinea, Russia, and the Kingdom of Saudi Arabia. The company was founded in 1888 and is based in New York, New York.
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