National News

Apr 9, 2013 11:47 AM by Associated Press

Stocks turn mixed after edging higher as earnings season starts well

NEW YORK (AP) - Stocks are mixed on Wall Street. They opened higher after first-quarter corporate earnings reports started off on a strong note.

Aluminum maker Alcoa reported earnings late Monday that came in ahead of analysts' forecasts. The stock rose half a percent in early trading Tuesday.

Alcoa beat Wall Street's earnings forecasts thanks to strong demand from plane and auto builders. The company is forecasting a 7 percent increase in aluminum demand.

J.C. Penney plunged 9 percent to $14.45 after ousting its CEO Ron Johnson late Monday.

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