Affected by the external market, U.S. stocks open lower on Monday. Asian and European stocks fell, the aluminum giant Alcoa announced today fourth-quarter earnings after the bell.
EDT at 09:34 on January 10, the Dow Jones Industrial Average fell 59.34 points to 11,615.42 points, down 0.51%; the Nasdaq composite index fell 15.65 points to 2,687.52 points, down 0.58%; the S & P 500 Index fell 7.08 points to 1,264.42 points, down 0.56%.
The Dow rose 0.8% last week, 6th consecutive week of gains. Most of Europe and European stock markets fell Monday so frustrated Wall Street sentiment.
Avalon Partners, said Peter Cardillo, chief market economist, "The market is the current concern about latest developments in Europe, all eyes turned to Portugal. Performance of listed companies will also attract the attention of investors, Alcoa (AA) will report earnings tonight, for the earnings season kicked off. "
Analysts polled by FactSet Research expected fourth-quarter earnings per share of Alcoa 18 cents.
In Europe, the debt crisis situation continues to deteriorate, according to weekend media reports, Portugal will be forced to seek assistance under the pressure. Greece and Ireland in the last year, requests for financial assistance to international agencies. Fears that Portugal and Spain will be the next target assistance.