Alcoa In The Red Ahead Of Earnings

Shares of Alcoa Inc AA are trading in the red. The company is set to announce its quarterly earnings report within a few hours, when market closes for the day. The aluminum producer’s shares are down 33% so far this year, making it the biggest loser on the Dow Jones Industrial Average. Concerns surrounding the pace of the economic recovery in the US and decelerating growth in China have been exerting pressure on the stock. AA’s shares are down 0.55% to $10.88 at 1:31 pm. Read more from Benzinga's Company news.