Stocks in Red in Late Trading
Stocks are down in late trading, with all three major indexes currently near session lows, as investors remain on the sidelines ahead of the start of the latest earnings season. The earnings season will be kicked off by aluminum giant Alcoa Inc. (NYSE: AA), which is scheduled to report its fourth-quarter results after market close today.
All sectors in the S&P 500 except Healthcare are currently in red. Industrials are leading the losses in the S&P 500 in late trading today. At last check, the sector was down 1.27%. Conglomerates are currently trading 0.94% lower. Consumer Cyclical sector is down 0.91% in late trading. Financials are down 0.60% currently. Healthcare sector is currently trading 0.27% higher.
Alcoa shares have edged higher ahead of the release of company’s fourth-quarter results. Analysts expect the company to report fourth-quarter earnings of $0.06 per share and revenue of $5.6 billion. At last check, Alcoa shares were trading 0.22% higher at $9.12.
Monsanto Company (NYSE: MON) shares have risen sharply today after the company reported its quarterly results. At last check, MON shares were trading 2.55% higher at $98.39. The stock hit a 52-week high of $99.99 earlier today.
Yum! Brands Inc. (NYSE: YUM) shares have fallen sharply today after the company said that its sales in China would be down more than forecast. At last check, YUM shares were trading 4.23% lower at $65.02.
Other major movers in late trading today include Boeing Company (NYSE: BA), which is currently trading 3.55% lower at $73.43, and Apollo Group Inc. (NASDAQ: APOL), which is currently trading 4.84% lower at $20.46.