Stock Market News

S&P ends near flat as Citigroup results sink banks; Nasdaq hits new high.

The Dow Jones Industrial Average rose 27.13 points, or 0.1 percent, to 27,359.16, the S&P 500 gained 0.53 point, or 0.02 percent, to 3,014.3 and the Nasdaq Composite added 14.04 points, or 0.17 percent, to 8,258.19

The benchmark S&P 500 index ended little changed on Monday after oscillating between positive and negative territory throughout the session after Citigroup Inc kicked off the earnings season with a mixed quarterly report.

The bank reported a better-than-expected profit but also a decline in its net interest margin. The fall in net interest margin triggered a fall in shares of other banks on concerns that it would presage lower profits across the industry as interest rates have dropped.

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