US stocks edge lower as tech shares weaken amid bank earnings
WFC Wells Fargo & Co
$80.74 -3.10%
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- 1The S&P 500 fell 0.2% and the NASDAQ Composite fell 0.3%.
- 2Citi achieved $5.25 billion in net income, a 40% increase year-over-year.
- 3Wells Fargo recorded a 5% increase in quarterly net interest income.
So what's the key point?
The US stock market declined slightly. While bank earnings were strong, such as Citi's profit increasing by 40%, technology stocks showed weakness.
Source Investing.com · View original ↗
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