While you were sleeping: Citigroup earnings shine

Thu, 15 Oct 2015

By Margreet Dietz Oct. 16 (BusinessDesk) - Wall Street gained as better-than-expected earnings from companies including Citigroup bolstered sentiment, while the latest economic data offered further reason to believe US policy makers won’t lift interest rates soon. In New York trading at about 1.17pm, the Dow Jones industrial average rose 0.7 percent, the Standard & Poor’s 500 Index added 0.6 percent, while the Nasdaq Composite Index climbed 0.7 percent. Gains in shares of Nike and those of JPMorgan Chase, last up 2.5 percent and 2.2 p...

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