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NYSE:AA News 11 January 2026 - 17 January 2026

Basic materials stocks face a copper reality check after the long weekend as XLB slips

Basic materials stocks face a copper reality check after the long weekend as XLB slips

Materials Select Sector SPDR ETF (XLB) fell 0.6% Friday as copper retreated from record highs, dragging basic materials stocks lower. Freeport-McMoRan dropped 2.1%, Dow lost 1.4%, and Alcoa slid nearly 5.9%. U.S. markets will close Monday for Martin Luther King Jr. Day, reopening Tuesday. Investors await Alcoa’s earnings on Jan. 22 and watch copper prices for further direction.
Why Alcoa stock bounced after a JPMorgan downgrade as U.S. aluminium premiums hit records

Why Alcoa stock bounced after a JPMorgan downgrade as U.S. aluminium premiums hit records

NEW YORK, Jan 10, 2026, 18:29 EST — Market closed Alcoa Corporation shares ended Friday up 4.2% at $63.67, capping a choppy two-session stretch that started with a sharp drop after a broker downgrade. (Yahoo Finance) The rebound did not erase the fresh skepticism. JPMorgan analyst Bill Peterson cut Alcoa to “underweight” from “neutral” on Thursday, even as he raised his price target to $50 from $45, according to a note circulated by StreetInsider. (StreetInsider.com) The timing matters because the pricing backdrop has shifted fast. U.S. buyers are paying record highs for aluminium, driven by tariffs and unusually low domestic
11 January 2026

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