Wall Street opened the session a slight decline on the eve of the meeting in Doha
(Reuters) – US stocks began trading Friday inactive dynamics due to the concern that the Sunday meeting of the major oil-producing countries will not help solve the problem of excess supply on world markets.
By 17.02 Moscow time the Dow Jones index fell by 0.08 percent to 17.911,67 points, indeksS P 500 – by 0.11 percent to 2.080,50 points, Nasdaq Composite index – by 0.16 percent 4.938,19 points.
By that time, oil prices dropped nearly 3.5 percent.
Citigroup (NYSE: C) has reported a decline in quarterly profit, but it was not as steep as analysts had expected. The company’s shares rose 1.4 percent.
"This week we have seen a sharp reflex rally, especially in the financial sector, because the people have received the results were not as bad as expected"- Dzheyms Ebeyt of Centre Funds in New York.
Shares of the company 3D Systems, engaged in three-dimensional printing, sank more than 5 percent after Citigroup downgraded their rating.
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