Wednesday, May 16, 2007

US STOCKS-Indexes near flat; Citigroup rises 3.7 pct

(Reuters) - Shares of Citigroup climbed 3.7 percent to $54.76 on the New York Stock Exchange after an affiliate of Edward Lampert's hedge fund disclosed it owned more than 15 million shares in the largest U.S. bank. For details, see [ID:nN15262580].

But with the S&P 500 index coming off its sixth straight week of gains, some investors opted to lock in profits and were switching investment strategies.


Read more at Reuters.com Bonds News

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