BUZZ-U.S. STOCKS ON THE MOVE-Alcoa, Goodyear, KB Home

Tue Jan 13, 2015 10:42am EST
 
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(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s)

U.S. stocks rallied on Tuesday to bounce from a two-day decline as financial results from Alcoa helped ease some investor worry regarding the corporate earnings season. The Dow Jones industrial average was up 1.34 percent at 17,877.65, the S&P 500 was up 1.20 percent at 2,052.68 and the Nasdaq Composite was up 1.43 percent at 4,731.38.

** ALCOA INC, $15.81, -2.23 pct

The aluminum company reported a higher-than-expected quarterly profit and forecast "strong demand" in its aerospace unit, driven by a robust market for large commercial aircraft, and solid demand in the automotive sector in 2015. Alcoa also forecast 2015 free-cash flow of $500 million.

** GOODYEAR TIRE & RUBBER CO, $26.56, -5.26 pct

The tiremaker estimated full-year operating income growth to be "slightly below" its forecast of 10-15 percent due to a stronger dollar and a challenging industry environment in Europe in the fourth-quarter.

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