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US market close lower posting first back-to-back losing sessions of the year

  • Regular
  • US Market
  • 9 months ago
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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