Investing.com - U.S. stock prices fell on Tuesday as investors sold late in the session to wait for metals giant Alcoa kick off fourth-quarter earnings season.
At the close of U.S. trading, the Dow Jones Industrial Average finished down 0.41%, the S&P 500 index was down 0.32%, while the Nasdaq Composite index fell 0.23%.
Alcoa after the closing bell reported fourth-quarter earnings per share of USD0.06, in line with expectations
The company reported revenues of USD5.90 billion during the final quarter of 2012, beating out market calls for a top-line figure of USD5.60 billion
Alcoa's stock price was up 1.98% at USD9.27 in after-hours trading.
More companies will begin unveiling fourth-quarter earnings this week, and investors sold later in the session on Tuesday to await Alcoa and other results.
Yum! Brands Inc., which runs the Taco Bell and KFC fast-food chains, saw its shares fall after same-store sales fell more than expected in China, while Boeing shares dipped after a Japan Airlines 787 aircraft had to return to its gate before ever taking off at Boston's Logan International Airport due to a fuel leak.
Elsewhere in the U.S., the Federal Reserve reported earlier that U.S. consumer credit rose more than expected in November.
In a report, the Federal Reserve said that U.S. consumer credit rose by a seasonally adjusted USD16.05 billion in November compared with a gain of USD14.08 billion in October, whose figure was revised down from USD14.20 billion.
Analysts had expected U.S. consumer credit to rise USD12.75 billion in November.
Leading Dow Jones Industrial Average performers included Hewlett-Packard, up 1.52%, Home Depot, up 0.60%, and American Express, up 0.58%.
The Dow Jones Industrial Average's worst performers included Verizon Communications, down 3.56%, AT&T, down 3.02%, and Boeing, down 2.64%.
European indices, meanwhile, finished largely lower.
After the close of European trade, the EURO STOXX 50 fell 0.15%, France's CAC 40 rose 0.03%, while Germany's DAX 30 finished down 0.48%. Meanwhile, in the U.K. the FTSE 100 finished down 0.18%.
Investors will pay close attention to earnings due for release later this week.
At the close of U.S. trading, the Dow Jones Industrial Average finished down 0.41%, the S&P 500 index was down 0.32%, while the Nasdaq Composite index fell 0.23%.
Alcoa after the closing bell reported fourth-quarter earnings per share of USD0.06, in line with expectations
The company reported revenues of USD5.90 billion during the final quarter of 2012, beating out market calls for a top-line figure of USD5.60 billion
Alcoa's stock price was up 1.98% at USD9.27 in after-hours trading.
More companies will begin unveiling fourth-quarter earnings this week, and investors sold later in the session on Tuesday to await Alcoa and other results.
Yum! Brands Inc., which runs the Taco Bell and KFC fast-food chains, saw its shares fall after same-store sales fell more than expected in China, while Boeing shares dipped after a Japan Airlines 787 aircraft had to return to its gate before ever taking off at Boston's Logan International Airport due to a fuel leak.
Elsewhere in the U.S., the Federal Reserve reported earlier that U.S. consumer credit rose more than expected in November.
In a report, the Federal Reserve said that U.S. consumer credit rose by a seasonally adjusted USD16.05 billion in November compared with a gain of USD14.08 billion in October, whose figure was revised down from USD14.20 billion.
Analysts had expected U.S. consumer credit to rise USD12.75 billion in November.
Leading Dow Jones Industrial Average performers included Hewlett-Packard, up 1.52%, Home Depot, up 0.60%, and American Express, up 0.58%.
The Dow Jones Industrial Average's worst performers included Verizon Communications, down 3.56%, AT&T, down 3.02%, and Boeing, down 2.64%.
European indices, meanwhile, finished largely lower.
After the close of European trade, the EURO STOXX 50 fell 0.15%, France's CAC 40 rose 0.03%, while Germany's DAX 30 finished down 0.48%. Meanwhile, in the U.K. the FTSE 100 finished down 0.18%.
Investors will pay close attention to earnings due for release later this week.