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11Oct2016 Pre-Market Commentary: Wall Street Opens Lower, Alcoa Shares Fall On 3Q Earnings Miss, Crude Prices Continue To Rise, Investors Becoming Increasingly Concerned With Market Bubble

Tuesday, October 11, 2016 6:41
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Written by Gary

US markets opened lower (SPY – 0.4%) as investors worry about the S&P 500′s ‘triangle’ chart pattern warning of a big selloff. OPEC’s oil production rose to record highs in September. Third-quarter earnings season gets its start this morning, with Alcoa (NYSE:AA) leading the way and falling on 3Q earnings miss.

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