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Street Sees Eighth Straight Day of Gains; Citigroup Leaps on Earnings (C, VZ)

By: , dated July 15th, 2013
US stocks extended gains on Monday on several better-than-expected earnings results. Once again both the S&P and Dow climbed to record closing highs. Citigroup (C) gained more than 2% after reporting a big jump in profit. Boeing (BA) regained some of its losses seen on Friday. Shares of Dell (DELL) tumbled after T. Rowe Price reiterated its negative position against plans to take the company private. It was announced that in the US consumer spending was slightly weaker than expected and that compared to one year ago, economic growth slowed somewhat during Q2.

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