Considering the meteoric rise of Alcoa stock since O'Neill's March 25 pledge, such a delay makes financial, if not ethical, sense.
Disappointments from Alcoa and Lucent dragged the major indexes sharply lower before they rebounded late in the session. On June 15, the French conglomerate is expected to open bidding for its studio, theme park, and cable channels. Considering the meteoric rise of Alcoa stock since O'Neill's March 25 pledge, such a delay makes financial, if not ethical, sense. Quotes for Nasdaq securities are delayed 15 minutes. The Dow rose 77 points as mild data on manufacturing and construction lifted hopes about interest rates and energized investors. Sign up for Premium Membership to get our stock recommendations.