Wall Street sells off on weak earnings, election fears

Wall Street sells off on weak earnings, election fears
 

Wall Street sold off on Tuesday as disappointing corporate reports gave a sour tone to the start of earnings season and investors digested possible changing dynamics for the upcoming U.S. elections.
Alcoa (AA.N) shares tumbled 11.4 percent after the metals company's quarterly profit missed estimates and it lowered its revenue forecast.
Illumina (ILMN.O) shares plummeted 24.8 percent and were among biggest drags on the S&P 500 after the diagnostic test maker's weak quarterly update.
Investors have been looking for U.S. corporate earnings to strengthen after four quarters of declines, in... read more

 
12 October 2016 in World News, Views: 23
Source: Reuters
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