MARKET PULSE-Citigroup, J.C. Penney, Express, Hewlett-Packard

Wed Dec 4, 2013 8:16am EST
 
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(For more market insights, including options activity, click on ; for the Day Ahead newsletter link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stock index futures were little changed on Wednesday, ahead of a flurry of economic data, including a report on the labor market. Dow Jones industrial average futures were down 0.05 percent at 15,883, S&P 500 futures were down 0.22 percent at 1,787.5 and Nasdaq 100 futures were down 0.19 percent at 3,469.

** CITIGROUP INC, Tuesday close $52.13, -1.07 pct premarket

** JPMORGAN CHASE & CO, Tuesday close $56.86, -0.65 pct premarket

EU antitrust regulators fined six financial institutions including Deutsche Bank, Royal Bank of Scotland and Citigroup a record total of 1.71 billion euros ($2.32 billion) on Wednesday for rigging financial benchmarks. The other banks penalized are Societe Generale, JPMorgan and brokerage RP Martin.

Goldman Sachs also cut its rating on Citigroup to "neutral" from "conviction list-buy."

** J.C. PENNEY CO INC, Tuesday close $10.11, +2.37 pct premarket

The struggling department store operator said November comparable-store sales rose 10 percent, as its efforts to turn its fortunes around were starting to pay off.   Continued...