Dow volatile despite Citi profits

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US markets experienced a volatile morning as tech firms fell back and Citigroup announced it had made a profit for the first time in almost two years. The Dow Jones was up 21.03 points (0.26%) to 8,146.46.

Procter & Gamble led the way, up 2.7% to $51.79, while General Motors added 2.5% to $1.99. Citigroup shares fell as the group revealed a loss in revenue, down 2.74% to $3.9. However, the bank also made its first quarterly profit since 2007 due to cost-cutting measures. Intel shares fell 1.9% to $15.59, Hewlett Packard dropped 1.8% to $35.94 and Microsoft lost 1.5% to $19.47 after climbing yesterday. The FTSE100 continued to climb through Friday afternoon, up 42.59 points (1.05%) to 4,095.57 by late afternoon. Banking shares saw strong performance, with Lloyds up 14.5% to 102.7p and...

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