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Reply #14: Counterintuitive: Citigroup results send futures higher [View All]

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UpInArms Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-18-08 06:20 AM
Response to Reply #6
14. Counterintuitive: Citigroup results send futures higher
http://www.reuters.com/article/bondsNews/idUSN182975822...

NEW YORK, April 18 (Reuters) - U.S. stock index futures were firmly higher on Friday after shares of Citigroup Inc (C.N: Quote, Profile, Research) rose before the opening bell following the release of its quarterly results.

S&P 500 futures SPc1 were up 10.4 points, well above fair value, a mathematical formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract.

Dow Jones industrial average futures DJc1 rose 66 points, and Nasdaq 100 NDc1 futures gained 17.25 points.

...a bit more...
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