NEW YORK: US stocks were little changed at the open on Monday after hitting record highs in the previous session, as better-than-expected earnings from Citigroup were offset by mixed US economic data.
Shares of Citigroup advanced 1.8 per cent to $51.72 after the third-largest US bank by assets reported a 26 per cent increase in adjusted quarterly profit. The S&P 500 financial industry sector index was up 0.2 per cent.
Leap Wireless International Inc more than doubled after AT&T Inc said Friday it would buy the company for $1.19 billion and at least two brokerages raised their ratings on Leap's stock. The stock was trading at $17.16 and was the most active on the Nasdaq.
Shares of Citigroup advanced 1.8 per cent to $51.72 after the third-largest US bank by assets reported a 26 per cent increase in adjusted quarterly profit. The S&P 500 financial industry sector index was up 0.2 per cent.
Leap Wireless International Inc more than doubled after AT&T Inc said Friday it would buy the company for $1.19 billion and at least two brokerages raised their ratings on Leap's stock. The stock was trading at $17.16 and was the most active on the Nasdaq.
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