U.S stocks index futures declined as the metal company the Alcoa said that its revenue fell short against its forecast. Alcoa is the world’s third largest aluminum company had faced drop in its revenues. The actual revenue was very less than the expected revenue. The Advanced Micro Devices which is the second biggest maker of personal-computer chips stated that its earnings can be lower than the expected one. The biggest metal company has delivered a quite unpleasant start in the new earnings season. S&P 500 index futures companies probably fell an average of 11.3% from a year earlier in the first quarter. The benchmark has lost 6.5% this year as concern mounted a housing slump showed slow economic growth. I’m just unable to predict the U.S stocks position since its been quite flutuating and the volatility rate is high.
No comments:
Post a Comment