Alcoa Inc. (AA) reported first quarter adjusted income from continuing operations of $0.10 after the close Tuesday, which topped the consensus estimate of a loss of $0.04.
Alcoa gapped open higher Wednesday morning, but was range-bound throughout the session. The stock closed up by 0.58 at $9.90, with volume at a 6-month high. Alcoa rose to nearly a one-week high and finished just below its 50-day moving average.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.