MARKET PULSE- Citigroup, Savient Pharmaceuticals, Teradata, J&J, Coca-Cola
U.S. stock futures edged lower on Tuesday after Citigroup reported a marginal fall in adjusted quarterly profit from ongoing businesses.
S&P 500 futures lost 1.5 points and were slightly below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures rose 10 points while Nasdaq 100 futures added 5.75 points.
** CITIGROUP INC, Monday close $49.60, down 1.3 pct premarket
The company reported a marginal fall in adjusted quarterly profit from ongoing businesses after the Federal Reserve's decision to continue its bond-buying program for longer than expected slowed trading by clients.
** SAVIENT PHARMACEUTICALS INC, Monday close $0.57, down 90 pct premarket Continued...