HB NEW YORK. The Dow Jones index of the default values in the first minutes of trading gained 0.1 percent to 11,074 points. The broader S & P 500 index was unchanged at 1176 meters. The index of the Nasdaq lost 0.1 percent to 2465 points.
Citigroup had reported before trading for the third quarter earnings of 2.2 billion dollars, or seven cents per share – a penny more than analysts expected. The revenues estimated the saving in the financial crisis by the state once the world’s largest bank to 20.7 billion dollars, which was slightly lower than estimated. Citigroup’s securities were up 1.3 percent.
GE shares lost 0.3 percent after rival Philips presented a cautious outlook. Months ago Philips announced that sales growth would slow in the second half. As the reason for the sluggish economic group in Europe and the United States had called. GE had recently reinforced concerns about the sluggish recovery, when the group was known to a surprisingly strong sales slump.
On Friday, the Dow Jones had yielded 0.3 percent, while the S & P 500 0.2 and the Nasdaq had risen 1.4 percent. In weekly view, the Dow Jones had to 0.5 percent, the S & P 0.9 percent and the Nasdaq index gained 2.8 percent.
Market watchers are waiting with bated breath this week as further development in mortgage strife. Finally, all 50 states had launched investigations because the banks should have checked with mass foreclosures inadequate individual cases. After the end of the financial crisis, investors now fear new billion burden on institutions.