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Alcoa earnings surprises and subsequent S&P500 performance

S&P 500 change

Quarter

Report date

% surprise

1-day

1-month

3-month

Q4 2009

Jan. 11/10

-84%

-0.9%

-6.0%

4.1%

Q2 2009

July 8/09

31%

0.4%

14.9%

21.1%

Q4 2008

Jan. 12/09

-367%

0.2%

-4.0%

-1.6%

Q1 2008

Apr. 7/08

-10%

-0.5%

1.5%

-8.8%

Q3 2006

Oct. 10/06

-19%

-0.3%

2.0%

4.5%

Q1 2006

Apr. 10/06

36%

-0.1%

0.7%

-2.2%

Source: Bloomberg News

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