52.79 -0.21 (-0.40%)
After hours: 7:56PM EST
|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||51.72 - 53.87|
|52 Week Range||29.55 - 57.50|
|PE Ratio (TTM)||45.69|
|Earnings Date||Jan 9, 2017 - Jan 13, 2017|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||58.67|
On a day the indexes pulled back from recent record highs, Wyndham announced it is buying La Quinta, and Alcoa reported disappointing profits.
U.S. stocks drifted lower on Thursday amid growing fears of a possible government shutdown on Friday night. A breakdown in bi-partisan negotiations concerning immigration has worsened, with a pre-shutdown blame game commencing with President Trump and Congressional Democrats all angling to blame the other party for what looks like an inevitable standoff. In the end, the Dow Jones Industrial Average lost 0.4%, the S&P 500 lost 0.2%, the Nasdaq Composite lost a fraction and the Russell 2000 lost 0.6%.
Wall Street fell on Thursday as losses in industrials and interest-rate sensitive sectors offset marginal gains in tech stocks. "We'll continue to see a tug-of-war between how fast the economy grows and how fast interest rates rise," said Kate Warne, investment strategist at Edward Jones in St. Louis. The Dow Jones Industrial Average fell 97.84 points, or 0.37 percent, to 26,017.81, the S&P 500 lost 4.53 points, or 0.16 percent, to 2,798.03 and the Nasdaq Composite dropped 2.23 points, or 0.03 percent, to 7,296.05.
U.S. stock benchmarks finish lower Thursday, pressured by worries over the possibility of a partial government shutdown, as investors sorted through a fresh batch of quarterly earnings results.
Alcoa Corp (NYSE:AA) disappointed investors with its earnings report on Jan. 17. Both earnings and revenue came in lower than expected, sending AA stock downward. This bodes well for the future of the company, as the continuous growth of East Asia marches on.
Shares of Alcoa (AA) had a great year in 2017, helped by analysts' optimism and higher aluminum prices. However, the stock is taking a hit on Thursday, hurt by its downbeat fourth-quarter earnings. Are analysts—more than 70% of whom are bullish— ready to throw in the towel? Alcoa said it earned $1.04 a share, on revenue that rose 25.1% year over year to $3.17 billion.