U.S. Markets open in 5 hrs 56 mins

Stocks - Wall Street Mixed as Citigroup Kicks off Earnings Season

Investing.com - Wall Street was mixed on Monday as second-quarter earnings season kicked off with earnings from Citigroup (NYSE:C).

The Dow fell 22 points, or 0.1%, by 9:46 AM ET (13:46 GMT), while the S&P 500 was down 1 point, or 0.1%, and the Nasdaq composite rose 3 points, or 0.1%.

Citigroup was down 2%, even after it reported earnings per share of $1.95 on $18.8 billion revenue in the second quarter, topping consensus estimates. Gains in global consumer banking were offset by declines in investment banking, fixed income and equity markets revenue.

Other banks were also lower, with JPMorgan Chase (NYSE:JPM) down 0.8%, Goldman Sachs (NYSE:GS) slipping 1.6% and Wells Fargo (NYSE:WFC) falling 1.1%. All three banks report results on Tuesday.

Facebook (NASDAQ:FB) fell 1%, while Teva Pharma Industries (NYSE:TEVA) slumped 6.8% and Boeing (NYSE:BA) slipped 1.2% on news that American Airlines Group (NASDAQ:AAL) is extending its cancellation of daily flights into early November due to the ongoing grounding of Boeing’s 737 Max jets.

Symantec (NASDAQ:SYMC) declined 13.6% after CNBC reported that the company had ceased deal negotiations with Broadcom (NASDAQ:AVGO).

Elsewhere, Advanced Micro Devices (NASDAQ:AMD) rose 1%, while Amazon (NASDAQ:AMZN) inched up 0.2% and Tesla (NASDAQ:TSLA) gained 0.6%.

In commodities, crude oil rose 0.5% to $60.52 a barrel. Gold futures rose 0.2% to $1,414.95 a troy ounce, while the U.S. dollar index, which measures the greenback against a basket of six major currencies, was up 0.1% to 96.493.

Related Articles

Symantec, Broadcom cease deal negotiations: CNBC

Walmart Chile to resume talks with union amid strike

Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.32%