Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



A Tentative Dow Falls Again Ahead of Major Earnings

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

A decline in the markets today marked the second straight day of losses before the start of earnings season Tuesday. Uncertain that results would impress, Wall Street sold off American bellwethers of industry in the Dow Jones Industrial Average (DJINDICES: ^DJI  ) on a day characterized by low volume. The index ended up falling 55 points, or 0.41%, to close at 13,328. 

Hewlett-Packard's (NYSE: HPQ  ) stock, which has experienced a bit of a reversal of fortune lately, led the Dow higher with 1.5% gains today. After a 2012 in which HP owned the dubious distinction as the worst performer in the 30-stock index, shares are up 8% in 2013. 

Alas, the New Year brings different twists of fate for everyone, and that twist is turning out to be extremely painful for industrial giant Boeing (NYSE: BA  ) , which ended Tuesday as a major drag on the index for a second straight day, shedding 2.6%. The shares continued their precipitous decline today as United Airlines officials reportedly discovered the faulty wiring responsible for a fire that started on an unoccupied 787 Dreamliner yesterday in Boston. The scheduled return flight out of Massachusetts on a different 787 today experienced a fuel leak and couldn't take off. Yikes. 

Setting the pace for corporate America, Alcoa (NYSE: AA  ) reported earnings after hours, beating revenue expectations and matching profit forecasts. The aluminum producer projected a 7% increase in demand for the metal in 2013, a gradual improvement from the 6% bump seen in 2012.

Disk drive producer Seagate Technology (NASDAQ: STX  ) released preliminary results for the second quarter, predicting revenue of $3.6 billion. After falling slightly during normal trading hours, the stock has jumped more than 2% after hours.

While Seagate Technology pays a significant and growing dividend and seems able to generate the cash flow to support it, a global slowdown in demand for digital memory storage has begun to put pressure on margins. But today's positive report could be the sign of continuing success. Is Seagate worthy of your investment consideration (and dollars)? The Motley Fool answers this question and more in our most in-depth Seagate research available for smart investors like you. Thousands have already claimed their own premium ticker coverage, and you can gain instant access to your own by clicking here now.

Read/Post Comments (2) | Recommend This Article (3)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On January 08, 2013, at 6:22 PM, assisgnmeaname wrote:

    Re: STX, you guys do realize it was not their full, official EPS report?...just preliminary update and higher guidance on the top line.

  • Report this Comment On January 08, 2013, at 7:06 PM, XMFDivine wrote:


    Right you are. Thanks for pointing that out, that was my mistake.

Add your comment.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2185819, ~/Articles/ArticleHandler.aspx, 9/25/2016 5:07:32 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 1 day ago Sponsored by:
DOW 18,261.45 -131.01 -0.71%
S&P 500 2,164.69 -12.49 -0.57%
NASD 5,305.75 -33.78 -0.63%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/23/2016 4:00 PM
AA $9.76 Down -0.02 -0.20%
Alcoa CAPS Rating: ***
BA $131.78 Down -0.09 -0.07%
Boeing CAPS Rating: ****
HPQ $15.09 Down -0.03 -0.20%
HP CAPS Rating: ***
STX $36.46 Up +0.06 +0.16%
Seagate Technology CAPS Rating: ****