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Citigroup shares were down approximately 2.4% at $128.68 in regular trading after its October 13 earnings beat. Stronger investment banking, services and wealth revenue lifted profit, according to Reuters.
The S&P 500, Nasdaq and Dow rose after the Commerce Department said August PCE increased 3.4% year on year, below expectations. Traders cut bets on an October rate hike, while Boeing, Moderna and HPE moved on company-specific news.
U.S. stocks rose after four straight losses as crude oil retreated below $100 a barrel, while technology shares led gains. Dell jumped 11.3% and Hewlett Packard Enterprise rose 9.1% on the AI infrastructure read-through from Oracle’s capex outlook.
Palantir Technologies Inc (NASDAQ: PLTR ) stock faced volatility on Monday, with the stock falling in the premarket, only to recover losses later. The pullback follows short-term profit-taking by traders after a blowout weekly advance. According to Pro data, PLTR stock rallied 38% last week despite remaining down 2.17%