New York (CNNMoney.com) — stocks a large took United States hit with the beginning acting of Tuesday, after Citigroup announced a huge loss and single sales illustrations were more weakly than expected. The Dow Jones industrielle average lost 1 percent. Kw_Nasdaq the compound index fell 1,2 percent. Kw_Standard and the index arms of the 500 were 1 percent lower. The financial enormous Citigroup (C, fortune 500) reported on writedown $18 billion as part a restructuring plan and cut its dividend. Citi is report first of many enterprises of the financial services to the quarterly income this week. JP Morgan pursuit (JPM, fortune 500) is due to report Tuesday and Merrill lynches (MER, fortune 500) is slate-covered to post results Thursday. Also on Tuesday, Merrill said signed it deal, in order $6,6 billion in preferential stock from the long-term investors the Korean Investment Corp., Kuwait Investment authorization and Mizuho a korporative Bank. more Other stocks to watch include Genentech (DNA) to raise, over quarterly sales this disappointed Wall Street late Monday reported. Sprinten you (S, fortune 500) plans to cut several thousand jobs more under new CEO Dan Hessian and to one report in Wall Street journal according. On the Techfrontseite Apple (AAPL, fortune 500) CEO Steve is jobs the due to supply to its speech with Macworld largest show Tech silicone of the Valley. In the past jobs used speech, in order to announce new Apple products like the iPhone. In the global trade asiatic markets stolperten, and European stocks dived in with the morning acting.
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