Stocks up following big Citi loss
Stocks are slightly up following Citi's reported $7.6 billion fourth-quarter loss from charges related to repaying its portion of the bailout.
In the first 15 minutes of trading, the Dow is up three-tenths of 1 percent.
The broader S&P 500 is up one-quarter of 1 percent and the tech-heavy Nasdaq is up nearly seven-tenths of 1 percent.
In other news this morning, Cadbury lost a four-month fight to remain independent and capitulated to Kraft's buyout overtures, agreeing to a $19.5 billion deal to create the world's largest chocolate maker.
-- Frank Ahrens
Follow me on Twitter at @theticker
By
Frank Ahrens
|
January 19, 2010; 9:50 AM ET
Categories:
Corporations
,
The Ticker
,
Wall Street
| Tags: Dow Jones, nasdaq, s&p 500
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