NEW YORK (AP) — Stocks are opening mostly higher as investors sort through better-than-expected earnings reports from marquee companies Citigroup and General Electric.
Citigroup says it lost just under $1 billion in the first quarter, but that was less than analysts expected. A year ago, Citigroup suffered a loss of more than $5 billion.
Meanwhile, General Electric says its first-quarter earnings fell 36 percent, hurt by waning sales and a sharply lower profit at its ailing finance arm, GE Capital. But the results are above Wall Street's forecasts.
In the first few minutes of trading, the Dow Jones industrial average is up 30 to 8,155. The Standard & Poor's 500 index is up 0.9 to 866, while the Nasdaq composite index is down 8 to 1,662.
