Friday, July 18, 2008
URL FOR UPDATE ON CITIBANK
http://www.nasdaq.com//aspxcontent/newsstory.aspx?textpath=20080718\ACQDJON200807180949DOWJONESDJONLINE000560.htm&cdtime=07%2f18%2f2008%20+9%3a49AM
Wall Street heads to higher open after Citi report
NEW YORK - Wall Street headed for a higher open Friday after Citigroup Inc. issued a better-than-expected earnings report, offsetting disappointing results from several other big companies.
The nation's largest bank reported a $2.5 billion second-quarter loss due to write-downs tied to deteriorating credit markets. However, that was still better than analysts' forecasts, and it appeared that the Dow Jones industrials would be able to extend their biggest two-day rally since 2002 when trading opens at 9:30 a.m. EDT.
Citi's report followed stronger-than-expected reports from JPMorgan Chase & Co. and Wells Fargo & Co. that helped relieve some of investors' worries about the health of the banking sector. Wall Street has grown concerned that souring mortgage debt would force some banks to go under. The Dow had triple digit gains Wednesday and Thursday in response to the banks' reports
The nation's largest bank reported a $2.5 billion second-quarter loss due to write-downs tied to deteriorating credit markets. However, that was still better than analysts' forecasts, and it appeared that the Dow Jones industrials would be able to extend their biggest two-day rally since 2002 when trading opens at 9:30 a.m. EDT.
Citi's report followed stronger-than-expected reports from JPMorgan Chase & Co. and Wells Fargo & Co. that helped relieve some of investors' worries about the health of the banking sector. Wall Street has grown concerned that souring mortgage debt would force some banks to go under. The Dow had triple digit gains Wednesday and Thursday in response to the banks' reports
Thursday, July 17, 2008
WELCOME WITH IDEAS AND SUGESSIONS
Hi,
I encourage and welcome suggessions and comments and views to share in my blog about the current situation in Indian Economy.
Your views and comments are really appreciated.
It's an open forum to discuss about everything in view of Indian Economy.
RAMAMURTY
I encourage and welcome suggessions and comments and views to share in my blog about the current situation in Indian Economy.
Your views and comments are really appreciated.
It's an open forum to discuss about everything in view of Indian Economy.
RAMAMURTY
Thursday, March 6, 2008
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