The following is a round-up of news likely to affect stock prices today:
Alcoa (AA) on Monday posted a narrower fourth-quarter net loss, helped by cost cuts and higher aluminum prices, but its earnings fell short of Wall Street's forecast. Excluding items, Alcoa reported earnings of one cent a share, below the six cents analysts were looking for, according to Thomson Reuters. Revenue fell 4% to $5.43 billion, but surpassed the Street's view for $4.82 billion. Shares in Alcoa dropped nearly 7% in premarket trading.