BUZZ-U.S. Stocks on the Move-Citigroup, Harmonic, Progenics, Kandi
(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for more market insights, including options activity, ; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stock indexes rose on Monday, buoyed by the latest flurry of merger activity and earnings from Citigroup, putting the S&P 500 on pace to climb for a second straight session. The Dow Jones industrial average was up 0.76 percent at 17,071.84, the S&P 500 was up 0.53 percent at 1,977.99 and the Nasdaq Composite added 0.57 percent to 4,440.65.
** CITIGROUP INC,$48.68, +3.57 pct
The company said it agreed to pay $7 billion to settle a U.S. government investigation into mortgage-backed securities the bank sold in the run-up to the 2008 financial crisis.
Citigroup on Monday also reported a stronger-than expected adjusted quarterly profit as its fixed-income business performed ahead of forecasts, taking the sting out of the settlement.
The stock was one of the top boosts to the S&P 500.
** FIRST MAJESTIC SILVER CORP, $166.02, -0.25 pct
** SILVER STANDARD RESOURCES, $9.0906, -1.08 pct
** ENDEAVOUR SILVER RESOURCES, $6.13, -1.29 pct Continued...