Slight fall in US equities markets.

Equities markets in the United States fell on Monday, with the Dow Jones Industrial Average off 0.62 percent to 10,574.99, the Nasdaq composite down 0.55 percent to 2,144.87, and the S&P 500 losing 0.55 percent to 1,221.13.

In the banking sector, Citigroup lost 2.5 percent to $45.26 on the announcement that it had under performed in the second quarter due to rising interest rates and negative circumstances surrounding fixed-income trading.

Bank of America and MBNA both announced higher than expected earnings in the second quarter, but Bank of America, which agreed to purchase MBNA for $35 billion last month, still lost 1.5 percent on the day to $45.27.

On the S&P 500, Eaton, the world’s second-largest hydraulics equipment manufacturer, raised its full-year predictions as it reported a 30 percent rise in its earnings in the second quarter.

The news sent Eaton’s shares up by 7.7 percent to $66.83. Toymaker Mattel, which makes Barbie dolls, lost 2.4 percent to $18.99 on lower second quarter earnings.

On the positive side, airlines benefited by a drop in crude oil prices. Delta gained 2.6 percent to $3.95, while Southwest Airlines was up 2 percent to $14.49. The Amex airline index was up 2.6 percent on the day to 51.50.

Story link: Slight fall in US equities markets.