(NEW YORK) — Stocks ended the day mixed after buyers Monday waited to pounce on some stocks that were beaten down by last week’s slide.
The Dow on Monday managed a gain of 72 points to close at 12,921. The Nasdaq closed with a 23-point loss, while the S&P closed off just a fraction.
Financial stocks led Monday’s surge. Citigroup reported quarterly profit of just under $3 billion, which was short of many estimates. Still, the bank said more customers are repaying their loans on time.
Copyright 2012 ABC News Radio
Sam Turner, Deseret News
Megan Marsden Christensen, KSL.com