While you were sleeping Positive profit sentiment

Mon, 15 Jul 2013

By Margreet Dietz July 16 (BusinessDesk) - As US corporate earnings season accelerates this week, Citigroup has posted a 42 percent surge in quarterly profit, setting the stage for stocks to extend their year-to-date rally even amid mixed economic data. Shares of Citigroup gained, last up 2.1 percent, after the company reported quarterly earnings that exceeded expectations as revenue on stock trading jumped. In late afternoon trading in New York, the Dow Jones Industrial Average gained 0.26 percent, the Standard & Poor's 500 Index rose 0.23...

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