U.S. stocks completed the day down more than 1 percent as information demonstrated U.S. monetary development impede strongly in the final quarter.
The Dow Jones modern normal fell 251.9 focuses, or 1.45 percent, to 17,164.95,
The S&P 500 lost 26.26 focuses, or 1.3 percent, to 1,994.99
China’s spot alumina costs dropped further not long from now on the once more of proceeded with powerless business sector conclusion and needing interest, sources.
The Platts ex-lives up to expectations Henan alumina spot cost shut the week at Yuan 2,690/mt ($438) for 70:30 money and credit installment, down Yuan 30/mt from Yuan 2,720/mt Thursday and a week back. The current cost was additionally down Yuan 100/mt on the month.
Feeble residential aluminum costs, flat out broke smelters, and the up and coming Lunar New Year occasions proceeded as fundamental influencing components for alumina.
The front month February aluminum contract on the Shanghai Futures Exchange shut at Yuan 12,760/mt Friday, level from a week ago, yet down from Yuan 12,995/mt a month back.
Frail metal costs have cut down alumina term contract costs, which are commonly valued at around 17% of the normal aluminum contract cost on the Shanghai Futures Exchange for the three months before conveyance.
In company news, Alcoa Inc(NYSE:AA), trades in a 52-week range of $10.83 to $17.75 with shares down -2.07% at $15.65 in pre-market trade.
The company declared (a) a quarterly common stock dividend of 3 cents per share payable February 25, 2015 to holders of record of the ordinary stock at the close of business on February 6, 2015; (b) a dividend of 93.75 cents per share on Alcoa’s $3.75 cumulative preferred stock payable April 1, 2015 to holders of record of the Class A Stock at the close of business on March 13, 2015.
Alcoa Inc. produces and manages primary aluminum, fabricated aluminum, and alumina. The company operates in four segments: Alumina, Primary Metals, Global Rolled Products, and Engineered Products and Solutions.
Halcon Resources Corp(NYSE:HK) plunged -3.45% and its Net profit margin of this company was -31.70 % while its operating profit margin was 21.00%.
The organization declared plans to make public its fourth quarter and full year 2014 financial results on Wednesday, February 25, 2015 after trading closes on the New York Stock Exchange.
Halcón Resources Corporation, an independent energy company, is engaged in the acquisition, production, exploration, and development of onshore oil and natural gas properties in the United States.
Shares of SandRidge Energy Inc.(NYSE:SD) jumped nearly 4.44% to $1.41 in Saturday’s pre-market activity moving within a 52-week trading range of $1.13 - $7.43.
The firm will make public its 2014 fourth quarter and full-year financial and operational results after the close of trading on the New York Stock Exchange on Thursday, February 26, 2015.
SandRidge Energy, Inc., together with its subsidiaries, explores for and produces oil and natural gas properties primarily in the Mid-Continent region of the United States.
Shares of the Patterson-UTI Energy, Inc.(NASDAQ:PTEN), were higher SMA 20 with 11.78% and below SMA 50 with 3.17%. The stock showed a positive movement of 7.32% to end at $17.16.
The corporation will hold its conference call to talk about results for the fourth quarter ended December 31, 2014 on Thursday, February 5, 2015 at 9:00 a.m. Central Time.
Patterson-UTI Energy, Inc., through its subsidiaries, provides onshore contract drilling services to major and independent oil and natural gas operators in the United States and Canada.
