US STOCKS-Wall St to open higher after 2-day drop, Alcoa results

martes 13 de enero de 2015 10:15 GYT
 

* Alcoa up in premarket after results

* Oil falls near 6-year low

* Futures up: Dow 92 pts, S&P 10 pts, Nasdaq 24.75 pts (Adds quote)

By Chuck Mikolajczak

NEW YORK, Jan 13 (Reuters) - U.S. stocks were poised for a higher open on Tuesday after the S&P 500 fell for a second consecutive session, as financial results from Alcoa helped ease some investor jitters regarding the corporate earnings season.

Alcoa Inc gained 1.9 percent to $16.48 before the opening bell. The company reported a higher-than-expected quarterly profit due to a boost from automotive demand, higher aluminum prices and lower energy costs.

Another sharp decline in energy shares as oil prices tumbled about 5 percent and growing concern over corporate profits sent equities lower for a second straight day on Monday. The benchmark S&P index has fallen in seven of the past nine sessions and is down 3 percent from its most recent record high on Dec. 29.

"At present, equities remain an earnings driven market which is held hostage by oil," said Terry Sandven, senior equity strategist at U.S. Bank Wealth Management in Minneapolis.

"On a positive note, while crude oil prices are weighing on earnings expectations for the broad market they are bolstering consumer sentiment and adding to discretionary income levels."   Continuación...