MARKET PULSE- Citigroup, Savient Pharmaceuticals, Mac-Gray, J&J
Wall Street opened little changed 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.
The Dow Jones industrial average fell 0.16 percent, the S&P 500 lost 0.17 percent and the Nasdaq Composite dropped 0.02 percent.
** CITIGROUP INC, $49.19, down 1 pct (9:33 a.m. ET)
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, $0.10, down 83 pct (9:34 a.m. ET) Continued...