Citigroup Inc: American Stocks and Energy Shares

citigroup inc: American stocks almost wiped gains as a drop in oil sent energy shares lower, according to Bloomberg. Banks rallied after earnings from JPMorgan Chase & Co. and Citigroup Inc. beat estimates. The greenback climbed against most of its major peers and Treasury yields rose to the highest level in four months after Yellen refrained to provide any clues on the timing of a hike and said the costs of low rates for too long may exceed benefits. Traders have been sifting through economic reports and remarks from policy makers for clues on the path of borrowing costs in the world largest economy. Boston Fed Bank President Eric Rosengren said the central bank may have to raise rates faster than the market forecasts. U.S. retail sales climbed in September by the most in three months while wholesale prices rose more than projected, data today showed. (news.financializer.com). As reported in the news.