Citigroup And Housing Market Data Were Good &Nbsp; Monday'S Index Rose 0.73%

As of 4:00 pm Eastern time,

The US housing builders' confidence index rose and the Citigroup's earnings were much better than expected, and the market looked forward to the Federal Reserve's quantitative easing policy. On Monday, the US stock market took off and the Dow rose 80.91 points, or 0.73%.

Disk side, the banking sector led.

Bank of America rose 3.01%, JP Morgan rose 2.83%, Intel -T fell 0.67%, home depot fell 0.55%, Citigroup rose 5.57%, Wells Fargo Bank rose 5.47%, Goldman Sachs increased 2%, Morgan Stanley rose 1.52%, apple increased 1.25%, AMD fell 2.25%, JCPenney dropped 1.68%, Northeast Utilities fell to 1.68%.

The financial sector led European stocks to rebound, while the pan European Dow Jones index closed at 266.64 on Monday, or 0.31%.

The index rose 0.1% last Friday.

On Monday, US stocks strengthened, pushing crude oil prices up 1.83 US dollars to exceed 83.08 US dollars per barrel, or 2.3%.

The weak dollar pushed gold up 10 cents to $1372.10 an ounce.

Economic data

At 9:00 a.m. Eastern time, data released by the US Treasury showed that foreign capital purchased US $128 billion 700 million in long-term assets in August.

China's total holdings of US Treasuries increased to $868 billion 400 million, ranking first among countries, up from US $846 billion 700 million in July, increasing by 21 billion 700 million US dollars.

At 9:15 a.m. Eastern time, data released by the Federal Reserve showed that in September, the gross industrial product of the United States dropped by 0.2%, and it fell for the first time after 6 months of continuous growth.

In September, the gross industrial product remained 5.4% year-on-year growth.

At 10:00 p.m. Eastern time, the NAHB and Wells Fargo jointly announced that in October, the confidence index of US housing builders rose by 3 points to 16 points, much higher than the 13 points widely expected by economists and the first rise in 5 months.

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Company news

Citigroup announced on Monday that the third quarter of the fiscal year reported that the net profit of the company was $2 billion 170 million in the quarter, which was much better than expected, while the quarterly revenue dropped to $20 billion 740 million, down from $23 billion 140 million a year ago.

Credit losses in the third quarter were reduced from US $9 billion 100 million in the same period last year to US $5 billion 920 million.

BHP Billiton and Rio Tinto announced that they would abandon the planned joint venture of $116 billion for iron ore under severe regulatory sanctions.

Since the two sides have withdrawn from each other, there is no need to pay the other party a high default fee of $275 million.

The Northeast Utilities and NSTAR announced the merger with the NSTAR. The merged company will become the largest utility company in the northeastern United States. The market is estimated to be worth about $17 billion 500 million, and the service area will include more than half of the six states in the new England region.

BP announced that it would sell its assets of Venezuela and Vietnam worth up to 1 billion 800 million US dollars to TNK-BP, a Russian oil joint venture, to raise compensation funds for the Gulf of Mexico oil spill.

AIG is working with potential buyers to sell its AIA stake in Asian business. AIA plans to list at the Hongkong stock exchange late this month, and IPO raises up to $20 billion.

It is reported that China's large institutional investors will buy AIA shares, and AIA after listing will seek to break away from its US parent company.

Ge Corp (GE) announced on Monday that it will invest $432 million to set up four refrigeration equipment design and manufacturing plants in the United States as a new production center for energy-efficient refrigerators and other household electrical appliances, with a view to revitalize its household appliances business and enhance the global competitiveness of the company by making use of the advantages of the US manufacturing industry.

On Monday, IBM released its third quarter earnings in 2010 fiscal year.

Financial reports showed that IBM's net profit in the third quarter was 3 billion 589 million US dollars, up 11.7% over the same period last year, exceeding the expectations of the market.

Apple released its fourth quarter financial report for fiscal 2010 in.

According to the results of the report, Apple's net profit in the fourth quarter has reached 4 billion 310 million US dollars, thanks to the promotion of iPhone 4 mobile phones and iPad tablet computers, and its performance exceeded the market expectations.