Stocks waver on bank earnings, close with gains

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Disappointing earnings reports from Citigroup (C) and Goldman Sachs (GS) caused stocks to waver for most of Thursday's session before ultimately finishing higher.

The blue-chip Dow Jones Industrial Average ($INDU) rose 47 points, or 0.5 percent, to close at 10,063, while the broader S&P 500 ($INX) added 5 points, or 0.4 percent, to 1,097. The tech-heavy Nasdaq Composite ($COMPX) gained a point to finish at 2,173.

Shares in Citigroup fell more than 5 percent on disappointing results and concern that the financial giant is falling behind rivals JPMorgan Chase (JPM) and Goldman Sachs. Shares in Goldman dropped 2 percent on declining revenue from its investment banking business.

For more on stocks making moves today, be sure to check out BloggingStocks' market wrap up.
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