Dow Rises 45 on Citigroup Optimism

CEO Vikram Pandit confident government will sell Citi stake
By Nick McMaster,  Newser Staff
Posted Mar 11, 2010 3:24 PM CST
In this file photo of March 9, 2009, Nicholas Brigandi, center, of NYSE Euronext helps direct trading in shares of Merck & Co. on the floor of the New York Stock Exchange.   (AP Photo/Henny Ray Abrams, file)

(Newser) – A possible move by China to tighten monetary policy sapped stocks today, but optimistic comments from Citigroup's CEO led the indexes higher in the final hour, the Wall Street Journal reports.

  • The Dow added 45 points to close at 10,612.
  • The Nasdaq gained 10 points, closing at 2,368.
  • The S&P 500 rose 5 points, settling at 1,150.

My Take on This Story
Show results without voting  |