Citigroup Quarterly Earnings Report Boosts S&P 500
- 5 years ago
According to Reuters, Citigroup gave a boost to the S&P 500, but tech and industrial stocks dragged on the benchmark index.
Citigroup announced its fourth-quarter earnings on Jan. 14th, which led to a 4-percent rally.
Those gains propped up the S&P's financial sector by eight-tenths of a percent.
But the S&P's tech sector offset those gains by falling eight-tenths of a percent.
Only one of the S&P's top eleven sectors were trading up by the afternoon, but the market was only down half a percent.
Citigroup announced its fourth-quarter earnings on Jan. 14th, which led to a 4-percent rally.
Those gains propped up the S&P's financial sector by eight-tenths of a percent.
But the S&P's tech sector offset those gains by falling eight-tenths of a percent.
Only one of the S&P's top eleven sectors were trading up by the afternoon, but the market was only down half a percent.