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Sluggish mood on Wall St as earnings season kicks off; financials drop

Investors are betting on strong earnings growth across the S&P 500


Wall Street's main indexes were little changed at open on Wednesday, as a jump in shares of consumer staples were offset by a drop in financials on the eve of their financial reports. Kroger rose nearly 7 percent after the grocery chain said it would explore a potential sale of its convenience stores business. That led the consumer staples index up 0.36 percent. But those gains were offset by a 0.5 percent drop in financials. Wall Street banks JPMorgan Chase and Citigroup both report on Thursday. But, analysts warn bank results will be held back by a lack of volatility ...

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First Published: Wed, October 11 2017. 21:08 IST