Dow, Nasdaq end at Records as Citigroup Results Mark Start of Earnings Season
Tuesday, 16 July 2019 03:17 WIB |
MARKET UPDATE |DOW JONESS & P 500SahamAS
U.S. stocks ended slightly higher on Monday as investors saw results from Citigroup kicking off the unofficial start of earnings season for the second-quarter.
The S&P 500 was up by less than 0.1% to 3,014, based on preliminary figures, which would mark a fresh record close. The Dow Jones Industrial Average rose 0.1% to end near 27,359. The Nasdaq Composite was up 0.1% to end around 8,258. The Dow and Nasdaq also scored closing records. Shares of Citigroup Inc. were lower by 0.1% even after it reported second-quarter profits rose 4.8%, beating analysts' expectations. Investors also monitored a weak gross domestic product reading in China, with growth falling to its slowest pace since 1992. But investors pointed out the solid industrial production and retail sales numbers helped offset the bearish GDP data.
Source : Marketwatch
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