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Wall Street set for muted open as big bank earnings fail to impress

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REUTERS: Wall Street was set for a subdued open on Monday after earnings from U.S. lenders Goldman Sachs and Citigroup failed to provide a boost, ...

REUTERS: Wall Street was set for a subdued open on Monday after earnings from U.S. lenders Goldman Sachs and Citigroup failed to provide a boost, even as reports suggested of progress in U.S.-China trade talks.

"People are sort of looking for direction," said Scott Brown, chief economist at Raymond James in St. Petersburg, Florida. Of the 29 S&P 500 companies reporting results so far, 79.3per cent have surpassed first-quarter earnings estimate, above the average of past four quarters, according to Refinitiv data.

 

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