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Stocks surge after Alcoa, CSX report strong profit

Stocks rose sharply Tuesday after earnings reports from Alcoa and CSX reassured investors about the pace of the economic recovery.

 

Energy, Materials Lift Stocks

Rising oil and metals prices boosted the materials and energy sectors, including shares of Alcoa and Caterpillar. Ford opened at its highest price in five years.

 

U.S. Stocks Sink on Economic Fears

Alcoa and General Electric slid amid concerns about global growth following sluggish fourth-quarter economic growth in the euro zone and a move by China to tighten lending.

 

Dow Opens Below 10000

Alcoa, DuPont and financial stocks helped the stock market open weaker. CIT gained on its new CEO.

 

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