You can now read 10 articles in a month for free on BostonGlobe.com. Read as much as you want anywhere and anytime for just 99¢.

The Boston Globe

Business

Snapshot

Stocks slip as market braces for profit data

Continue reading below

Stocks closed lower Tuesday as traders awaited corporate profit reports. Alcoa posted its results after the close in the unofficial kickoff to weeks of earnings announcements. The reports will be ‘the big driver for the next couple of weeks,’ said Kim Caughey Forrest, at Fort Pitt Capital. Europe’s debt crisis continued to cast a pall; unemployment in the 17 countries that use the euro hit a new high of 11.8% in November, leading the European Union to warn about the risk of fraying social welfare systems in southern Europe. Trading has been cautious in the week since Congress and the White House struck a deal to avoid the fiscal cliff.

Loading comments...

You have reached the limit of 10 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week