Citi Disappoints, Stocks Sink, Plus, Here’s What To Expect From IBM Later Today

Stocks are lower on weaker-than-expected earnings
from Citigroup.

Citigroup
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Prince said “The capital markets environment was one of the worst we have seen
in years.”

Bank of America
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Guidant
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already-implanted 28,000 pacemakers because of a faulty seal.

Financial and tech stocks have outperformed the market for the past few
months; financials are 20% of the S&P 500 and tech is 15%.

Earnings this week: IBM reports after the close; look for 1.03. 
On Tuesday, it’s  INTC, YHOO, NVLS and AMGN. Seventeen Dow components
report this week.

Strong sectors are:    Airlines
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+0.96%    Retail
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Weak sectors are:   Disk Drives
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$DDX.X |
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3M
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Eaton
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Mattel missed by 0.02