NEW YORK (CNNMoney.com) -- Stocks seesawed Tuesday after Alcoa's quarterly loss exacerbated worries about the weak corporate profit environment.The Dow Jones industrial average (INDU) lost 0.3% with about 20 minutes left in the session. The Standard & Poor's 500 (SPX) index added a few points. The Nasdaq composite (COMP) gained 0.5%.
Stocks had swayed on both sides of unchanged through the early afternoon, with weakness in banks, industrial stocks and Alcoa tempering any strength in technology.
The onslaught of negative news in the new year has caused investors to step back after a year-end rally, said Gary Webb, chief executive at Webb Financial Group.
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