US market close lower posting first back-to-back losing sessions of the year
- US Market
- 1 month ago
US markets posted their first back-to-back losing sessions of the new year following disappointing Chinese data.
The DJIA retreated by 0.4% while the S&P 500 also shed 0.5% and ending the session with the most losses was the Nasdaq composite which closed down 0.9%.
To take note are the first quarterly reports of the year coming up this week, so far Citigroup posted higher than expected profits beating Wall Street’s forecast of $1.55 per share to go up $1.61, however did not meet the Street’s revenue forecast of $17.48 billion, instead posting a slightly lower figure of $17.12 billion.
Other big firms due to report their figures this coming week are, JPMorgan & Chase, Wells Fargo & Co., BlackRock Inc., Goldman Sachs Group Inc. and Netflix.
Source: Smart Trend Team