Summary Stocks are opening higher on Wall Street after first-quarter corporate earnings reports.
NEW YORK (AP) - Aluminum maker Alcoa reported earnings late Monday that came in ahead of analysts forecasts. The stock rose half a percent in early trading Tuesday.
Shortly after the opening bell the Dow Jones industrial average was up 10 points, or 0.1 percent, at 14,623.
The Standard & Poor s 500 index was up less than a point at 1,563. The Nasdaq composite rose five points, 0.2 percent, to 3,227.
Alcoa beat Wall Street s earnings forecasts thanks to strong demand from plane and auto builders. The company is forecasting a 7 percent increase in aluminum demand.
J.C. Penney plunged 9 percent to $14.45 after ousting its CEO Ron Johnson late Monday.
