Stocks Open Little Changed as Goldman Weighs on Dow
Monday, 15 April 2019 20:51 WIB |
MARKET UPDATE |DOW JONESS & P 500Saham AS
Stocks traded along the flatline on Monday as investors digested mixed quarterly numbers from big banks like Goldman Sachs and Citigroup.
The Dow Jones Industrial Average was up just 3 points at the open, while the S&P 500 gained less than 0.1%. The Nasdaq Composite traded 0.1% higher.
Goldman Sachs reported better-than-expected earnings as the bank kept compensation in check, but its revenue came in below analyst expectations as sales from its institutional clients division dropped by 18%. Shares of Goldman dropped 1.4%.
Meanwhile, Citigroup earnings topped expectations as the company repurchased more than $4 billion in stock. However, a 20% in its equity trading division contributed to a 2% fall in overall revenue, with disappointed analysts. Citigroup shares dipped 0.4%.
Source : CNBC
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