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What is keeping small stocks down?
Investors reacted by pushing bank stocks down sharply.
Volume continued weak at 147.1 million shares, with 1,056 stocks down and 477 ahead.
The broad market showed no discernible pattern, with 793 stocks down and 774 ahead.
"If you didn't have earnings, people knocked the stocks down," Mr. Maguire said.
Investors initially retreated as Alcoa, the aluminum producer, reported its fifth loss in six quarters, sending stocks down sharply.
With their stocks down, Mr. Mackenzie and other mining chiefs are trying to be highly attuned to investors.
After weeks of worries about the economy pulled stocks down, indexes have risen sharply for two days in a row.
With the overall market, and especially small stocks, down, the opportunity to win a favorable reception from investors is shrinking.
The Dow Jones industrial average fell 12.37 points, to 2,621.29, with 839 stocks down and only 528 ahead.
Volume slid to 155.1 million shares, from 172.3 million the day before, with 791 stocks down and 725 ahead.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com