Soft open on Wall Street; Citi leads banks higher

AP News
Posted: Jul 15, 2013 9:48 AM
Soft open on Wall Street; Citi leads banks higher

NEW YORK (AP) — Stocks are slipping in early trading on Wall Street as the market comes off its best week since January.

The Dow Jones industrial average was down six points at 15,457 after the first few minutes of trading Monday.

The Standard & Poor's 500 index was off two points at 1,678.

Both indexes reached all-time highs on Friday.

The Nasdaq composite was down five points at 3,594.

Harley-Davidson fell after an analyst cut his price target on the stock, saying rainy weather hurt motorcycle sales in the second quarter of the year. The stock fell 1 percent to $55.23.

The Center Does Not Hold
Jonah Goldberg

Citigroup lead other bank stocks higher after the New York-based bank reported second-quarter earnings that were higher than analysts were expecting. Citi rose 2 percent to $51.76.