MARKET PULSE- Citigroup, Savient Pharmaceuticals, Teradata, J&J, Fedex
Wall Street was set for a flat open on Tuesday after a four-session rally on the S&P 500 as investors focused on developments in the budget talks and a batch of corporate earnings including Citigroup.
S&P 500 futures lost 0.8 points and were in line with 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 added 7 points while Nasdaq 100 futures added 6.25 points.
** CITIGROUP INC, Monday close $49.60, down 0.2 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 84 pct premarket Continued...