US STOCKS-S&P 500, Dow slip as Turkey's currency woes spread [Reuters (UK)]
Citigroup, Inc. (C)
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Source: Reuters
S&P; 500, Dow slip as Turkey's currency woes spread | Reuters 4 Min Read NEW YORK (Reuters) - The S&P; 500 and the Dow industrials fell on Monday as a global contagion of market jitters arising from the plunge of Turkey’s currency spread to Wall Street, while the Nasdaq edged higher on gains from tech stocks. Financial stocks bore the brunt of the concerns over Turkey, with shares of Citigroup Inc, Bank of America Corp, Wells Fargo & Co and JPMorgan Chase & Co down between 0.5 percent and 1.5 percent. The S&P; 500 and the Dow were both on track for their fourth consecutive daily decline. A pledge by Turkey’s central bank to stabilize the falling lira failed to quell investor worries. The currency remained under pressure, having dropped 40 percent against the dollar so far this year. “People are starting to pay attention to the problems facing emerging markets,” said Jamie Cox, managing partner at Harris Financial Group in Richmond, Virginia. “When you have so many countries around wor
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C
Earnings
- 1/12/24 - Beat
C
Sec Filings
- 3/28/24 - Form 424B2
- 3/28/24 - Form 424B2
- 3/28/24 - Form FWP
- C's page on the SEC website