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Stocks close slightly lower amid lackluster Goldman, Citi earnings

Sue Chang
Stocks close slightly lower amid lackluster Goldman, Citi earnings

U.S. stocks closed lower Monday, though not far off records for indexes, as results from Goldman and Citigroup failed to thrill investors, who are looking to an early slate of earnings from banks to get a sense of the health of the broader economy. Goldman Sachs Group Inc. (GS) and Citigroup Inc. (C) reported quarterly results as earnings season gets under way, though the week will be shortened by the Easter holiday. On the revenue front, Goldman fell short of estimates while Citigroup matched, underscoring muted trading and mergers-and-acquisition activity on Wall Street in the first quarter.