The stock exchanges on Wall Street started the new trading week on Monday without major price movements. Investors processed the quarterly figures of the major banks Goldman Sachs and Citigroup. Investors also focused on trade talks between the United States and China.
The leading Dow-Jones index was 0.1 percent lower in the opening minutes at 26,400 points. The broad S&P 500 went up a fraction to 2907 points. Nasdaq Tech Fair increased 0.1 percent to 7990 points.
Following the strong figures from Wells Fargo and JPMorgan Chase last week, Goldman Sachs and Citigroup now released results. Goldman saw income and net profit decline, but did better than average analysts had expected. The share nevertheless fell 1.5 percent.
Citigroup posted a slightly higher profit in the recent period, partly due to lower taxes. Income decreased slightly, partly due to less income from trading in shares. Citigroup won 0.5 percent.
The US and China are step by step closer to a trade agreement. The US would have weakened their demand that China should no longer support its own industry. Instead, American negotiators focus on other issues.