US STOCKS-Wall St slips after Alcoa; Intel on tap

* Alcoa profits in line, revs miss estimate

* Intel results due after the close

* Dow up 0.05 pct, S&P 500 off 0.1 pct, Nasdaq up 0.1 pct

* For up-to-the-minute market news, click [STXNEWS/US]

By Chuck Mikolajczak

NEW YORK, April 13 (BestGrowthStock) – U.S. stocks (Read more about the stock market today. ) dipped on
Tuesday, a day after Alcoa posted in-line earnings but
lower-than-expected revenues, as investors sought more evidence
to justify the lofty levels on Wall Street.

Alcoa Inc (AA.N: ), a Dow component, fell 2 percent to $14.29
after the aluminum producer reported that results benefited
from higher prices but warned it could face strikes at its U.S.
operations as earnings season began. For details, see
[ID:nLDE63C01X]

“You get your feet wet, and Alcoa was weaker on revenue,”
said Ryan Detrick, senior technical strategist at Schaeffer’s
Investment Research in Cincinnati, Ohio.

“(Overall corporate) earnings will probably beat, but the
bottom line is the revenue numbers. That’s what we want to see,
some impressive growth, and that is what we are going to focus
on without question as we continue to digest earnings the next
couple of weeks.”

The Dow Jones industrial average (.DJI: ) dropped 15.34
points, or 0.14 percent, to 10,990.47. The Standard & Poor’s
500 Index (.SPX: ) shed 3.91 points, or 0.33 percent, to
1,192.57. The Nasdaq Composite Index (.IXIC: ) fell 4.15 points,
or 0.17 percent, to 2,453.72.

The S&P 500 has risen nearly 40 percent over the past year
and is up more than 76 percent from the 12-year lows reached in
March.

After the markets close on Tuesday, Intel Corp (INTC.O: ) is
expected to report strong earnings, possibly offering new
evidence that demand for electronics and personal computers is
improving. Intel shares gained 0.6 percent to $22.67 ahead of
the results. [ID:nN11203263]

CSX Corp (CSX.N: ), the No. 3 U.S. railroad, is due to report
stronger earnings later Tuesday as the economy, helped by the
auto and coal industries, gains momentum.

Stock Market Research

(Reporting by Chuck Mikolajczak; editing by Jeffrey Benkoe)

US STOCKS-Wall St slips after Alcoa; Intel on tap