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Stock Win Streak At Risk As Street Braces For Earnings Unknown

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Alcoa Inc. NYSE:AA, Microsoft Corporation NASDAQ:MSFT - Stock Win Streak At Risk As Street Braces For Earnings Unknown

Pre-earnings choppiness may be in order with stocks tipping lower after several sessions of gains. That included five straight higher finishes for the S&P 500 (SPX)—its longest streak this year. European stocks pulled back slightly Tuesday after notching a two-week high.

Wall Street continues to mull Federal Reserve interest rate timing after a soft September jobs tally. Traders will get more Fed comments today, when San Francisco Fed President John Williams, a policy voter this year, gives a speech on the economic outlook at 5:30 p.m. Eastern. The market is torn. On one hand, the thought of an extensive rate-hike campaign brings potential risk that a Fed overshoot crimps business expansion. On the other hand, any further delay to a long-pledged return to “normal” interest rates could reflect Fed concern about the state of the global—and even the U.S.—economy.

That’s not so encouraging to Wall Street, either. Let’s see if Williams offers further clarification on what might be expected at the Fed’s meeting later this month, or at its next gathering in December.

PepsiCo Beats. Alcoa Inc AA 4.37% Thursday release may be the...


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