In this cut-throat competition in the smart-phone industry where companies like Apple, Samsung, and HTC are ruling, Nokia is trying hard to revive itself and give some stiff competition to its competitors too. Nokia is focusing more on the features that it already has bargaining power and competitiveness in, where it plans on launching a new smart-phone that would have a 41-megapixel camera in and allow users to capture far-distanced images with an extraordinarily zoom-in capacity. Based on this news, the share price has been soaring from the past week and has topped the level of $4.22 a share, up from $3.83 a share earlier this month.
Moreover, its windows phone Nokia Lumia is doing pretty well in the market as the app store for Windows is increasing day-by-day, allowing the users to get a wide range of apps that they get on Android or IOS.
Citigroup Delights the Investors
Citigroup posted its earnings for the second quarter of 2013, where its earnings jumped to $1.25 a share, against the expected figure of $1.18 a share. The stock price of Citigroup drastically gained and witnessed a 2% increase as the share tested the level of $51.84 in the U.S session on Monday. The news overshadowed the disappointment of Retail sales data as the core retail sales did not grow for the month of June; unlike 0.3% in May. However, the earnings report of Morgan Stanley and Bank of America are also due very soon, which may also shape the buying and selling activity of stocks within the banking sector, as investors tend to correlate the earnings and then go for the most potential ones.
Bulls out of Control in Wall Street
The investor confidence in the market is still firm as the Empire State Manufacturing Index showed a significant increase to 9.5 against its previous reading of 7.8 for the month of May. The S&P 500 index posted considerable gains on Monday after Citigroup’s earnings report where it tested its record high level of 1684.51 after increasing my 0.14% today. On the other hand, the Dow Jones Industrial Average is also hovering near its fresh highs where it gained more than 50 points and made a high of 15,509.48, up from its Monday’s low of 15,455.77. On the other hand, FTSE 100 INDEX also gained on Monday after topping the 6586.11 level, up from the 6544.94 mark.