Stocks Rise Sharply On Citigroup Profit News

Stocks rise sharply on Citigroup profit news

The Dow soars more than 300 points after the banking company reports that it was profitable through the first two months of the year. Other financial stocks also gain. Good news from a bank -- finally -- is sending the stock market to its best gain this year.

Sections:  news   business   
RELATED ARTICLES
  • Real 'Fault in Our Stars' couple reunited by hope
    Katie and Dalton Prager, a young couple who both have cystic fibrosis, celebrated happy news when they reunited Tuesday afternoon after nearly five months apart: Katie is on her way to getting a lifesaving lung transplant. More
  • LinkedIn Shares Slide After Disappointing Outlook
    LinkedIn's surging share price cooled Friday as the social network projected slower revenue growth next quarter following a decision to lower the number of display ads that the website shows. More
  • Stocks surge to new highs after hiring climbs
    A big gain in the job market is lifting the stock market to new milestones. The Dow Jones industrial average crossed 15,000 for the first time early Friday, and the Standard and Poor's 500 index, a broader market measure, broke through 1,600 for the first time. More
  • Unemployment falls to 7.5%; job creation solid in April
    The job market plugged along steadily, and unemployment fell in April, according to new data out Friday, suggesting that the U.S. economy is still expanding. The nation added 165,000 jobs in April as the unemployment rate fell to 7.5 percent, from 7.6 percent in March, the Labor Department said on Friday. More
  • U.S. Jobless Claims Fall to 5-Year Low
    The number of Americans seeking unemployment benefits fell to the lowest level in more than five years, a positive signal for the labor market ahead of Friday's April jobs report. More
BING NEWS:
  • Citigroup expects up to 30% rise in investment banking fees in Q4
    Citigroup expects a 25% to 30% rise in investment banking fees in the fourth quarter from a year earlier, while market revenue will grow by a "high-teens" percentage, Chief Financial Officer Mark ...
    12/10/2024 - 2:59 am | View Link
  • More

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News