takes to keep your portfolio well diversified. we have all that and more tonight on nightly business report for monday, july eighth. good evening, everyone, and welcome back from the long weekend. we begin tonight with a history lesson. 81 years ago today stocks hit rock bottom, on july 8, 1932, the dow sat at 4122. not 4,000 but 4122. a nyse low. today stocks turned in their third winning session in a row. the dow closed at 15,2 # 4. share volume, 3.5 billion shares. there wasn t much news to propel stocks today. members conjured members of friday s jobs report. and the dow off its high for the session shot up 89 points, the nasdaq added 5, the s&p 500 was up 8. the russell 2000 index of smaller stocks closed at a record today of 1009. excluding special items, alcoa beat analysts estimates. the edged forecasts by a penny, it saw a slight beat on revenue two. even though sales were down a little bit compared with last year. despite a weak aluminum prices, alcoa benefited fr
than-predicted results - but alcoa s revenue fell short, and wd s forecast was shy. stocks rallied in anticipation of earnings. the dow gained 89, the nasdaq 6 and the s&p 8. gold added on $22 and oil lost 40 cents, ending around $103 per barrel. a much-anticipated vote happens today with fdic members potentially approving tougher rules on banks. barnes and noble ceo william lynch is resigning. shares fell 2% when the news broke after the close. lincoln ellis of strategic financial group joins us now for a look at the headline stories happening on the trading floor. good morning to you, lincoln. - good morning. - alcoa s earnings are out. does it set any kind of stage for corporate earnings this time around? - tough to say from alcoa, really. they beat on the top- line, but the estimates have been continually ratcheted down - three times, actually - meaning only by a penny there. and they have been in the commodities space, so it s tough to tell. alcoa s never really a great
good evening, everyone, and welcome back from the long weekend. we begin tonight with a history lesson. 81 years ago today stocks hit rock bottom, on july 8, 1932, the dow sat at 4122. not 4,000 but 4122. a nyse low. today stocks turned in their third winning session in a row. the dow closed at 15,2 # 4. share volume, 3.5 billion shares. there wasn t much news to propel stocks today. members conjured members of friday s jobs report. and the dow off its high for the session shot up 89 points, the nasdaq added 5, the s&p 500 was up 8. the russell 2000 index of smaller stocks closed at a record today of 1009. excluding special items, alcoa beat analysts estimates. the edged forecasts by a penny, it saw a slight beat on revenue two. even though sales were down a little bit compared with last year. despite a weak aluminum prices, alcoa benefited from increased demand from its metals. how do things look for the aluminum giant for the rest of the year? that was my first question
report for monday, july eighth. good evening, everyone, and welcome back from the long weekend. we begin tonight with a history lesson. 81 years ago today stocks hit rock bottom, on july 8, 1932, the dow sat at 4122. not 4,000 but 4122. a nyse low. today stocks turned in their third winning session in a row. the dow closed at 15,2 # 4. share volume, 3.5 billion shares. there wasn t much news to propel stocks today. members conjured members of friday s jobs report. and the dow off its high for the session shot up 89 points, the nasdaq added 5, the s&p 500 was up 8. the russell 2000 index of smaller stocks closed at a record today of 1009. excluding special items, alcoa beat analysts estimates. the edged forecasts by a penny, it saw a slight beat on revenue two. even though sales were down a little bit compared with last year. despite a weak aluminum prices, alcoa benefited from increased demand from its metals. how do things look for the aluminum giant for the rest of the
tuesday, july 9th. good evening everyone. a new chapter for barnes & noble today but how that story plays out is still unwritten. investors are betting on a happy ending pushing up by 5% today. they were reacting on news the ceo is out and the possibility the big retailer might break up and spin off the nook division. they out lived brick and mortar competitors like borders and walden books. what is next for the chain and can it survive? reporter: three years ago, barnes & noble made a bet on it s nook e reader bring income a new ceo william lynch to ignite the business. but the nook never caught fire losing $475 million last year and now william lidge is the former ceo of barns and noble. and the company s problems are bigger than just the nook division. sales did drop 34% in the most recent quarter, but sales in the physical stores and website also decreased by 10%. even if barnes & noble gepts rid of it s nook business, the outlook for the company as a stand alone reta