Many consider the quarterly report from AA after the bell today to be the start of earnings season. As one of only 30 components, the aluminum company has the potential to have a noticeable impact on the index, but it is one of the lower priced constituents and, therefore, probably not a huge impact on its own. Perhaps more importantly is that it will give us our first glimpse into how traders react to earnings news and how it may help to set the tone which might last through other reports in the coming weeks.
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