Why Aluminum Stocks Are Sinking Today

Shares of aluminum producers Century Aluminum Co. (NASDAQ: CENX) and Alcoa Corp. (NYSE: AA) tumbled on Thursday, falling more than 10% and 13%, respectively, by 2:30 p.m. EDT. Driving the decline was Alcoa's second-quarter earnings report, which detailed a "significant" impact from aluminum tariffs instituted this year.On the one hand, Alcoa's second-quarter results were solid.

Topics:  century aluminum co nasdaq   cenx    corp    nyse   aa    edt driving   u.s    images   alcoa   earnings   share   results   second-quarter   year   
BING NEWS:
  • 3 Sinking Stocks to Quickly Abandon Now
    It has been a few volatile weeks for U.S. equities. After ending the first quarter of 2024 with significant gains, the S&P500 and Nasdaq posted some of their worst months in a while in April. These ...
    05/6/2024 - 11:01 pm | View Link
  • Best Aluminum Stocks
    Consider diversifying your portfolio by investing in these best aluminum stocks. Aluminum has been extensively used for more than a century. In the 1900s, aluminum was considered a rare metal due ...
    05/4/2024 - 1:00 pm | View Link
  • Weekly Commentary: Instability
    Gold and silver have recently made powerful upside moves. Commodities generally show signs of life. Having taken a backseat during the financial asset melt-up, hard assets are beginning to show their ...
    05/3/2024 - 10:00 pm | View Link
  • Fortinet and Cloudflare Stocks Are Sinking. ‘Uncertainty Is Up’ in Cybersecurity.
    Cloudflare’s forecast of sales for the full year was conservative. The security company stuck with an earlier call that sales will be between $1.648 billion and $1.652 billion, a range whose midpoint ...
    05/3/2024 - 6:05 am | View Link
  • Investing in Aluminum ETFs
    Source: Getty images There’s a limited number of aluminum stocks. Fortunately for metals-minded investors, an exchange-traded fund (ETF) offers a compelling opportunity. People interested in ...
    05/1/2024 - 11:38 pm | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News