Stocks: Alcoa gets things started

U.S. stocks finished higher Monday.

NEW YORK (CNNMoney)

The aluminum producer beat analyst expectations on earnings but missed on sales Monday afternoon, sending its shares lower in after-hours trading.

Mega-banks JPMorgan (JPM, Fortune 500) and Wells Fargo (WFC, Fortune 500) are set to release quarterly results later this week. Overall, analysts surveyed by S&P Capital IQ expect companies in the S&P 500 to report earnings growth of just 0.7% versus a year ago.

U.S. stock futures were little changed ahead of the opening bell Tuesday.

Fear & Greed Index

U.S. stocks cut early losses to finish higher Monday, rebounding from one of their worst weeks of the year.

J.C. Penney (JCP, Fortune 500) shares sank sharply in after-hours trading Monday after the company announced that it was replacing CEO Ron Johnson with his predecessor, Mike Ullman.

European markets were firmer in morning trading, helped by news of falling inflation in China, which also boosted the Shanghai Composite and the Hang Seng.

Japan's Nikkei was flat on the day.

First Published: April 9, 2013: 5:01 AM ET

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