The DJIA and the whole U.S. stock market reacted for 1.1 billion shares of Citigroup sale
Dow Jones Industrial Average goes into a deep negative in the early trades
In brief: Dow Jones Industrial Average: Bulls not overjoyed about the sale of 1.1 billion shares Citigroup.Dow Jones Industrial Average decreased from the first minutes of trading on the stock market today. Dow Jones Industrial loses some points -11.94 (-0.12%). Dow index stands at around 9,762.08 points. Bulls do not replace the shoulder support for DJIA. Meanwhile, the U.S. Treasury sold another 1.1 billion shares of Citigroup.
The U.S. Treasury Department announced the sale of 1.1 billion ordinary shares of the bank of Citigroup in the second tranche sale of securities of the company. Based on the current market value of securities, U.S. Treasury could bail out more than $ 4 billion total number of shares sold by the U.S. Treasury Citigroup has reached 2.6 billion shares, and total revenues reached 10.5 billion dollars, said the agency.
Olga Bespalova2010-07-01 13:38, Economics.
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