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8B – Daily News – Tuesday, April 12, 2011 NEW YORK (AP) — Stocks closed mostly lower Monday after the International Monetary Fund cut its estimate for U.S. economic growth. Alcoa Inc. fell in after- hours trading after report- ing sales that came in below what analysts were expecting. The aluminum maker was the first major company to report first- quarter earnings. Traders are concerned about the effect of higher Stocks weaken as IMF lowers estimate for US growth Wall Street oil and food costs on cor- porate profits. Stocks turned lower in the after- noon after the IMF said that higher gas prices could slow the pace of the U.S. economy and offset a boost from the Federal Reserve’s bond-buying program. The Dow Jones indus- trial average rose 1.06 point, or less than 0.1 per- cent, to close at 12,381.11. The broader S&P 500 index fell 3.71, or 0.3 per- cent, to 1,324.46. Energy companies fell 1.9 per- cent, the most of any of the 10 company groups that make up the index. The Nasdaq composite lost 8.91, or 0.3 percent, to 2,771.51. After the market closed, Alcoa Inc. report- ed a first-quarter profit on higher aluminum prices and sales, partially offset by a weaker dollar and higher costs for energy and raw materials. Sales fell short of expectations, sending the stock down 2.6 percent to $17.31 in after-hours trading. Alcoa is traditionally the first of the 30 companies that make up the Dow average to report earnings each quarter. Analysts have been hopeful that overall corpo- rate earnings will come in ahead of expectations for the ninth consecutive quarter, but they still have a long list of worries including high oil prices and an aftershock that struck Japan on the one- month anniversary of the March 11 earthquake and tsunami disaster. 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