div > div.group > p:first-child"> The Dow Jones Industrial Average dipped 27.53 points to 26,384.77, while the S&P 500 slipped 0.1% to 2,905.58. The Nasdaq Composite ended the day down 0.1% at 7,976.01.
Meanwhile, Citigroup earnings topped expectations as the company repurchased more than $4 billion in stock. However, a 20% fall in its equity trading division contributed to a 2% fall in overall revenue, which disappointed analysts. Citigroup shares dipped 0.1%. Despite the varied results from the big banks, the overall earnings season is off to a solid start. Of the companies that have reported, 85% have topped analyst earnings expectations, according to FactSet.
"The most important stat though during 1Q 2019 earnings season is how the next quarter," Raich said."The bad news is the magnitude of the EPS estimates cuts, are greater than normal. The good news is the EPS estimate revisions are less bad than last quarter."Wall Street also pored through the latest news on the trade front. Treasury Secretary Steven Mnuchin said Sunday the U.S.
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