Summary Box: Stocks make a U-turn, Alcoa surprises

AP News
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Posted: Apr 11, 2012 4:31 PM
Summary Box: Stocks make a U-turn, Alcoa surprises

A TURNAROUND DAY: Major indexes notched big gains Wednesday, bouncing back from their worst losses of the year the day before.

THE EUROPEAN FRONT: Investors were heartened that Spain's borrowing costs fell slightly, a sign of strength for the country even though deep problems remain.

ALCOA'S SURPRISE: Alcoa reported after the market closed on Tuesday that it earned a surprise profit, stoking hopes that the first-quarter earnings season won't be as weak as first expected.