AM Report: Rollercoaster Night In The US

By Juliana Roadley | More Articles by Juliana Roadley

US sharemarkets meandered through Thursday´s session as investors weighed mixed corporate and economic news. Shares in Citigroup fell by 5.4% after the Federal Reserve rejected the company´s plans to buy back shares and lift dividends.

The Dow Jones index closed lower by 5 points or less than 0.1% after being down 77 points in early trade and being up 32 points at one stage. The S&P 500 was down 0.2% and the Nasdaq lost 22 points or 0.5%.