Citigroup report could be tonic for Wall Street | KXNet.com North Dakota News
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Citigroup report could be tonic for Wall StreetNov 21 2008 8:03AM
Associated Press The Wall Street Journal says Citigroup, whose stock is down 84 percent this year, is considering selling parts or all of itself. Unlike some of its rivals, Citi hasn't made a profit in a year. Stock futures indicate that the market is poised to open sharply higher. The declines of the past two days may well attract bargain hunters. But the volatility investors have grown used to could be enhanced by expiration of some options contracts. So far this year, the Dow industrials are down 43.1 percent, the S&P 500 index is off 48.8 percent, and the Nasdaq composite is down 50.4 percent. % |
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