Stocks fall, Citigroup profit disappoints
Reuters - U.S. stocks fell on Monday after Citigroup Inc. , the world's largest financial services company, said its second-quarter earnings missed analysts' forecasts, but declines were limited by a retreat in crude oil prices.
Stocks Slide on Citigroup's Q2 Earnings
AP - Stocks fell moderately Monday after weaker-than-expected earnings from Citigroup Inc. raised questions about other companies' second-quarter results, but a drop in oil prices limited the market's decline.
North American markets slack on feeble Citigroup quarter, lower oil prices
Canadian Press - TORONTO (CP) - The Toronto stock market was flat Monday afternoon with declining energy and technology stocks balanced by advancing mining and financial shares.
Stock futures point lower after Citi miss
Reuters - U.S. stock futures pointed to a lower market open on Monday, with investors concerned about corporate profits after Dow component Citigroup Inc. reported second-quarter earnings that lagged Wall Street expectations.
Dollar holds gains after data
Reuters - The U.S. dollar remained strong in early trade on Monday, underpinned by upbeat economic data and expectations Federal Reserve Chairman Alan Greenspan will signal more U.S. rate rises, but volume was thin due to a Japanese holiday.
Good Economic News May Not Boost Stocks
AP - Companies are more productive and more people have jobs. Corporate earnings growth is strong. And while oil prices remain near historic highs, the economy is showing great resilience. Even inflation is a non-issue. But don't expect a huge surge in stocks.
Probe into exchange mergers - FT report
Reuters - U.S. authorities are widening their probe into the mergers proposed by the New York Stock Exchange and the Nasdaq Stock Market Inc. , the Financial Times newspaper reported on Monday.
Maidenform all fit for public offering
Reuters - Maidenform Brands Inc., the intimate apparel maker that helped usher in the modern-day bra, is slated for a $150 million initial public offering in the coming week.
Friday's Wall Street Glance
AP - Dow Jones Industrials
Profit growth seen dependent on sales
Reuters - Revenue growth is showing a healthy pace at U.S. companies so far in the second quarter, but stock market strategists say they would like to see the numbers accelerate even more.
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