Wednesday, March 17, 2010

Alcoa Inc. (NYSE:AA) Up On Little News

Alcoa Surges in Share Price Today

Aluminum giant Alcoa (NYSE:AA) helped lead the Dow Jones Industrial Average higher today, although little news emerged which gave a reason for the sudden spike in share price.

Also performing strong in the commodity sector was Exxon Mobil (NYSE:XOM), which also helped the Dow move higher. Exxon was easy to read as oil prices continue to go up.

It's possible with Alcoa that they were due for an upward adjustment after having a lot of downward pressure on them. We'll see if this is sustainable in any meaningful way, or just some investors attempting to guess and time the market in light of their recent performance.

Alcoa Surges in Share Price Today

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