Wall Street flat as Citi results weigh on bank shares

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U.S. stock futures extended last week's gains to trade slightly higher on Monday in the run up to the start of second-quarter earnings reports, ...

REUTERS: Wall Street's three main indexes eased from their record highs on Monday as bank stocks turned lower after the third largest U.S. lender, Citigroup, reported a squeeze in interest margins.

JPMorgan Chase & Co , Goldman Sachs Group Inc and Wells Fargo will report earnings on Tuesday. The banking index was down 0.95per cent, leading to a 0.54per cent decline in the S&P 500 financial index . Also weighing heavily on the S&P 500 and the Dow Industrials were shares of Boeing Co , which fell 1.4per cent on a report that its 737 Max jet may stay grounded until early 2020.

 

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