MARKET PULSE-Alcoa, Chevron, Midstates, Atlantic Power, Enanta
Wall Street dropped at the open on Friday and was set for its first monthly decline since August, hurt by weaker-than-expected inflation data in the euro zone and ongoing concerns about turbulence in emerging markets. The Dow Jones industrial average was down 0.73 percent at 15,732.6, the S&P 500 was down 0.43 percent at 1,786.41 and the Nasdaq Composite was down 0.32 percent at 4,110.06.
** ALCOA INC, $11.67, -2.34 pct
Vice President Olivier Jarrault sold 175,031 shares of the largest U.S. aluminum producer at an average price of $10.57, according to a regulatory filing, an 11.5 percent discount to the stock's Thursday close.
** CHEVRON CORP, $112.75, -3.18 pct
The second-largest U.S. oil company said its fourth-quarter profit dropped 32 percent as refining margins and production fell around the world.