Citi Leads Financial Stocks Higher

Citi Leads Financial Stocks Higher
Market News
Like Us On Facebook
Like Us On Facebook

Shares of Citigroup Inc. rose 3% to lead financial gainers in the S&P 500 on Thursday as the broader market moved higher in quiet trading ahead of the year-end holidays.

Citi C +5.02%  added 3%, while the Financial Select Sector SPDR ETF XLF +1.33% , which tracks the financial stocks in the S&P 500 SPX +0.42%  , added 1.1%.

Among the Dow DJIA +0.25%  financial stocks, Bank of America Corp. BAC +2.51%   rose 0.7%, J.P. Morgan Chase & Co. AXP -0.31%   JPM +2.45%  added 2%, American Express Co. rose 0.9% and Travelers Cos. Inc. TRV +0.17%  gained 0.4%.

Greg Morcroft | Market Watch

Share Tweet
React
Like Us On Facebook
Like Us On Facebook

Preston Waters

Preston Waters is a thinker. He's not your traditional philosophical persona, however, as he leaves no topic untouched. Covering all the bases, from business to women, Preston Waters is the ultimate man's man for Gen-Y.

More In Market News

News Preston Waters

Stocks Off to Stellar Start in May

Stocks were kicking off May in high style Tuesday, posting sharp gains after a much better-than-expected report on U.S. manufacturing activity. The Dow Jones Industrial Average was rising 103 points, or 0.8%, at 13,317, after hitting a four-year high at 13,338. The S&P 500 was up 14 points, or 1%, at 1413, and the Nasdaq was adding 23 points, or 0.7%, at […]

News Preston Waters

Bank Of America, JPMorgan: Dow Midday Movers

U.S. stocks were rising in midday action Tuesday following a better-than-expected read on U.S. manufacturing activity.The Dow Jones Industrial Average was up more than 116 points, or 0.9%, at 13,330. The biggest percentage gainers within the Dow were Bank of America (BAC), JPMorgan Chase (JPM) and Intel (INTC). Shares of Bank of America rose 2.59% to $8.32. The bank said Tuesday it plans to lay […]

News Preston Waters

Monster Stocks Soar Amid Rumors Coca-Cola Is Set To Buy Energy Drink

Monster Beverage Corp’s shares soared on Monday following a report that Coca-Cola Co. was considering buying the energy drink maker. The Wall Street Journal cited unnamed people in reporting that the world’s biggest soft drink maker was in talks to buy Monster. If a deal transpired, Monster would be Coca-Cola’s largest brand acquisition ever. Monster declined […]

News Preston Waters

Stocks Surge After Strong Manufacturing Report

Stocks were surging in morning action Tuesday after a much better-than-expected report on the pace of national manufacturing activity in April.The Dow Jones Industrial Average was rising 80 points, or 0.6%, at 13,294. The S&P 500 was up 12 points, or 0.8%, at 1410, and the Nasdaq was adding 29 points, or 1%, at 3075. Stocks finished modestly lower Monday, marking […]

News Preston Waters

Bank Of America Keeps Shrinking

Bank of America (BAC)’s plan to lay off some of its highest-paid executives looks like the right response to the current banking environment. The Wall Street Journal reported Tuesday the bank will cut 2,000 positions in its investment banking, commercial banking and non-U.S. wealth-management units targeting “the high-earning employees whose efforts helped Merrill Lynch account for the bulk of […]

News Preston Waters

Stock Market Story: May 1

The first trading day of May got off to a mixed start early Tuesday with all three major U.S. equity indices honing to close to the flat line ahead of a key report on the pace of U.S. manufacturing activity in April. The Dow Jones Industrial Average was down 9.5 points, or 0.07%, at 13,204.The S&P 500 was up less than a […]

Also On Elite

Food

Forget Rice, You Should Be Stuffing Your Burritos With Ramen Noodles

If you’re looking for something different to try in the kitchen, this should do the trick. In a recent video, uploaded to YouTube by POPSUGAR, we’re introduced to the Ramenritto, a scrumptious food concoction bridging the gap between two of the best foods ever — burritos and ramen noodles. What more could you want?! The […]

World

Snapchat Captures Scary Moment Frat House Goes Up In Flames During Party (Video)

It’s all fun and games until you accidentally burn down the house and get it on film. What begins as your average Snapchat story — a party, blurry videos of people singing — quickly hits another level. A partygoer at Chico State University’s Sigma Chi International Fraternity house was filming her video and ended up capturing […]