Citigroup reported adjusted earnings per share of 1.28 US dollars for the fourth quarter of 2017, beating market expectations 1.19 dollars.
Losses by industrial and technology companies helped pull US stocks mostly lower in late-afternoon trading Tuesday, placing the market on course for modest losses.
Despite the Dow hitting a new record of 26,000 Tuesday, U.S. stocks pulled back and closed in the red.
DEAL OR NO DEAL: Viacom slid 6.3 percent after following several reports saying the media company is not in talks to merge with CBS Corp. The stock picked up $5.33 to $233.97. Most recently, market analysts have raised their profit expectations for dozens of companies after the passage of a massive tax bill late previous year that lowered the corporate tax rate to 21 percent from 35 percent.
The top gainer on Hang Seng was Hong Kong Exchanges and Clearing Ltd up 5.43 per cent, while the biggest loser was AAC Technologies Holdings Inc which was down 3.66 per cent. S. dollar strengthened after four days of declines.
Amazon rose more than 2 percent, extending gains from last week when data showed USA holiday spending surged to 12-year high, prompting price target hikes. The euro slipped to $1.2232 from $1.2181. Bitcoin futures on the Cboe Futures Exchange were down 14.5 percent to $11,800. The price of the digital currency, which soared previous year after starting the 2017 under $1,000, has been hurt amid signs of potentially increased scrutiny from governments.
METALS: Gold rose $2.20 to settle at $1,337.10 an ounce. In Germany, the Dax added 0.35 per cent, while the French Cac 40 was up less than 0.1 per cent.
Tech stocks have been one of the major forces behind the Dow's record-setting gains. Seoul's Kospi rose 0.7 percent. London's FTSE 100 shed 0.2 percent.