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Dow Jones Today Looks to Bounce Back on These Top Stories

Dow Jones today, July 9, 2014: The Dow Jones Industrial Average plummeted more than 150 points on Tuesday morning and closed the day with a 117.59-point loss. This is the largest one-day decline in nearly two months, as investors remain cautious ahead of corporate earnings season. Eight of the 10 S&P sectors were down on the day, with utilities and consumer discretionary stocks as the lone gainers.

Here's what you should know to make your Wednesday profitable:

  • Metal Mania: Shares of Alcoa Inc. (NYSE: AA) were up more than 2% in pre-market trading after the company reported strong quarterly earnings. Alcoa is the first large corporation to report earnings each quarter and is viewed by many as a bellwether stock for the broader market. The company announced earnings of $0.18 per share, beating analyst expectations of $0.12 per share. Here's a full look at this quarter's earnings calendar.
  • Dow jones todayA Very Bad Day: Shares of The Container Store Group (NYSE: TCS) are down more than 14% this morning on news that the company slashed its 2014 revenue outlook and lowered earnings expectations. The company cited "sluggish sales" as the culprit. Meanwhile, shares of networking-hardware firm Gigamon Inc. (Nasdaq: GIMO) plunged 30% after the firm lowered its revenue guidance for the second quarter.
  • A Big Order: Shares of The Boeing Co. (NYSE: BA) were up 1% in pre-market trading on news that Emirates, the world's largest airline by global air traffic, has placed a $56 billion order for 150 777X planes. The agreement also includes an option for another 50 planes that could drive the deal up to $75 billion.
  • Today's Economic Calendar: Today's schedule features the release of FOMC minutes from the June 18th meeting, the EIA Petroleum Status Report, and MBA Purchase Applications.
  • Banks Behaving Badly: The Wall Street Journal reports that Citigroup Inc. (NYSE: C) is trying to settle a $7 billion agreement with the U.S. Justice Department on charges that the bank sold shoddy mortgages during the years preceding the financial crisis. The agreement will take place next week.

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