Chevron reporting it will give a "nasty" earnings surprise! CVX tumbling after hours with Exxon going down in sympathy.
Alcoa's numbers are not that good. They've been massaged for the Press. The talk on Bloomberg is that they are carrying a much too heavy debt load and managment admitted China's slowdown is hurting them.
Add this to wholesale dumping of Hewlett Packard, Dell, and Intel.....and you've got the beginning of a bad day.