BUZZ-U.S. Stocks on the Move- Bank stocks, Domino's Pizza, Skyworks
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U.S. stocks opened higher on Tuesday after its worst three-day drop since November 2011 as investors turned their focus away from global growth concerns and towards corporate earnings. The Dow Jones industrial average was up 0.34 percent at 16,376.33, the S&P 500 was up 0.41 percent at 1,882.35 and the Nasdaq Composite was up 0.46 percent at 4,232.95.
** JPMORGAN CHASE & CO, $57.56, -1.03 pct
The biggest U.S. bank boosted revenue from trading and investment banking, and moved past the huge legal claims that pushed it into a rare loss in the same quarter last year. The bank recorded net income of $1.36 per share. Analysts had expected earnings of $1.38 per share.
** CITIGROUP INC, $50.76, +1.72 pct
The third-largest U.S. bank said it would pull out of consumer banking in 11 markets, including Japan and Egypt, as the most international U.S. bank focuses on more profitable businesses.