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US stocks market opened higher on record highs on Monday

2019-07-15 02:42 pm | Resource: News | No Views : 35

افتتاح  مؤشرات الأسهم الامريكية  الرئيسية إلى مستويات قياسية

Investors showed strong risk appetite on Monday, based on Wall Street's rally, which moved key stock indexes to record highs with many heavyweights including MicroSoft.

The Dow Jones and the Nasdaq 100 reached their all-time high for a fourth session in a row, helped by rising oil, but Treasury debt also jumped across the curve.

 A rumor in the news that US President Donald Trump is considering abandoning Commerce Minister Wilbur Ross, a hardliner in trade policy on China, has yet to yield a bilateral deal. In other news, China's economic growth weakened to 6.2%, the most in at least 27 years.

Citigroup posted a 20% year-on-year increase in earnings per share of $ 1.95 in the second quarter

The US investment bank and Citigroup Inc reported Monday earnings per share of $ 1.95 in the second quarter, up 20% from the same period last year. At the same time, total revenue for the quarter rose 2% year-on-year to $ 18.76 billion, reflecting higher revenue through global consumer banking. Net income was $ 4.8 billion, an increase of 7% over the previous year. This was due to higher revenues, lower expenses and lower actual tax rates, but was offset in part by higher credit costs.

"We have provided a positive operating leverage for the eleventh quarter in a row and improved our efficiency, with loans and deposits increasing again." We have good momentum and strong growth across our franchise to consumers, especially in the US, while at ICG, our industry leads the Treasury. "Business solutions continue to perform well and we have gained a share in market-sensitive products such as investment banking," Citi said in a press release.
  • Citigroup jumped 1.35% in pre-market trading after the earnings report.

Wall Street Opens
  • The Dow Jones Industrial Average was up 0.12% at 27,364.69. Apple was the best performer in the first trading, gaining 0.87%.
  • The S & P 500 rose 0.13% to 3,017.8 before retreating for a second day in a row.
  • The Nasdaq 100 rose 0.22% to 7,961.071 points, led by Broadcom, up 2.92% on unconfirmed information that the takeover talks with Symantec were down. The other company retreated by 13.59%.


The euro was steady at $ 1.12687 and the pound was down 0.31% at $ 1.25367. The dollar barely changed at 107.923 yen. Gold fell 0.22% to $ 1412.09 an ounce.


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