U.S. stocks open slightly higher amid earnings

0 Comment(s)Print E-mail Xinhua, April 15, 2019
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NEW YORK, April 15 (Xinhua) -- U.S. stocks opened slightly higher on Monday as investors were digesting a slew of earnings results from bank giants.

Shortly after the opening bell, the Dow Jones Industrial Average increased 8.93 points, or 0.03 percent, to 26,421.23. The S&P 500 was up 1.36 points, or 0.05 percent, to 2,908.77. The Nasdaq Composite Index rose 4.72 points, or 0.06 percent, to 7,988.88.

Six of the 11 primary S&P 500 sectors traded higher as health care and consumer staples outperformed while financials and energy struggled.

Shares of Goldman Sachs dropped 2 percent shortly after Monday's opening, leading the laggards in the Dow. For the first quarter, the bank delivered adjusted earnings per share of 5.71 U.S. dollars, beating market consensus. However, its revenue for the quarter missed estimates.

Citigroup also reported earnings topped expectations while revenue missed. The stock decreased about 1 percent.

In the week ending April 12, the U.S. equities posted mixed results with the Dow suffering a modest loss while both the S&P 500 and the Nasdaq were up more than 0.5 percent as Wall Street pored through a batch of key economic data and awaited the new earnings season. Enditem

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