U.S. stocks fall on lower revenue, Japan crisis

09:32, April 13, 2011      

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U.S. stocks fell on Tuesday on Alcoa's revenue loss and Japan's prolonged nuclear crisis.

Alcoa Inc posted late Monday its revenue which missed investors' forecasts.

Investors were keeping theirs eyes on a new round of earning reports from listed companies amid concerns over possible inflation risks and uncertain job market development.

Investors also worried after Japan upgraded the severity of its nuclear crisis. Mining shares dropped in the morning trading session amid concerns of Japan risks.

Some of them were waiting for consumer price index, a key inflation gauge, which will be released by the Labor Department on April 15.

Meanwhile, small business optimism fell 2.6 points to 91.9 on Tuesday after Japan's crisis.

The Dow Jones industrial average slipped 77.50 points, or 0.63 percent, to 12303.61. The Standard & Poor's 500 lost 7.97 points, or 0.60 percent, to 1316.49. The Nasdaq Composite Index was down 16.68 points, or 0.60 percent, to 2754.83.

Source: Xinhua
 
 
     
 
 
 
     
 
 
 
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