Stocks waver on bank earnings, close with gains
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.