Wednesday, June 2, 2010

Alcoa (NYSE:AA), Caterpillar (NYSE:CAT) Up Early in Day

Alcoa (NYSE:AA) and Caterpillar (NYSE:CAT) rebounded nice earlier in the trading session, although Alcoa doesn't seem to have much legs and has eased up some as the trading day goes on.

After plunging yesterday though, any move upward is good for both companies in the current economic environment.

Alcoa rose as high as 1.6 percent before pulling back, while Caterpillar surged 1.3 percent, and has been able to hold that so far.

Until a clearer picture emerges out of Europe and China, this will probably be the way these two stocks perform for some time.

Stock market prices are moving today mostly on pending home sales being better than expected.

No comments: