US STOCKS-Market flat; Intel up before results

* Alcoa kicks off earnings but disappoints on revenue

* Intel shares up ahead of results

* Dow up 0.01 pct, S&P 500 off 0.2 pct, Nasdaq up 0.04 pct

* For up-to-the-minute market news, click [STXNEWS/US]
(Updates to early afternoon)

By Caroline Valetkevitch

NEW YORK, April 13 (BestGrowthStock) – U.S. stocks (Read more about the stock market today. ) were little
changed on Tuesday as disappointing revenue from Alcoa Inc
(AA.N: ) was offset by expectations for strong results this week
from other top companies, including Intel Corp (INTC.O: ).

Chipmaker Intel, up 0.7 percent at $22.70, is scheduled to
report after Tuesday’s market close, while results from Google,
up 2.2 percent at $585.33 and the biggest boost to the Nasdaq
index, were due on Thursday.

A positive earnings surprise is likely for Intel, according
to Thomson Reuters Starmine. For details, see [ID:nN09115215].

The Dow, which ended on Monday above 11,000 for the first
time since September 2008, maintained its perch just above that
level.

Alcoa late on Monday reported earnings, excluding items, in
line with expectations, but its revenue missed Wall Street’s
estimates, pushing the stock down 3.2 percent to $14.10. Alcoa
is the first Dow component to report first-quarter results.

“Sure, there’s some disappointment
in Alcoa….
(but) I think there are higher expectations for the overall
market, from Intel tonight” and others, said Michael James,
senior trader at regional investment bank Wedbush Morgan in Los
Angeles.

“The question is, are those positive expectations
reflected” in stock prices, he said.

The Dow Jones industrial average (.DJI: ) was up 0.68 point,
or 0.01 percent, at 11,006.65. The Standard & Poor’s 500 Index
(.SPX: ) was down 1.84 points, or 0.15 percent, at 1,194.64. The
Nasdaq Composite Index (.IXIC: ) was up 1.06 points, or 0.04
percent, at 2,458.93.

S&P 500 earnings are seen rising 37.1 percent in the first
quarter from a year earlier, according to Thomson Reuters data.
The S&P 500 stock index is up nearly 40 percent over the past
year, causing some analysts to speculate stock gains from
earnings could be minimal,

Some bank shares fell as UBS cut its rating on regional
banks including KeyCorp (KEY.N: ), down 3.5 percent at $8.05. A
regional bank index (.KRX: ) dipped 0.9 percent. [ID:nWNAB8039]

Investment Analysis

(Editing by Kenneth Barry)

US STOCKS-Market flat; Intel up before results