Citi stock slides in thin year-end trade as rate-cut bets return to focus
Citigroup shares dropped 1.4% to $118.75 Monday morning, underperforming other major U.S. banks as financial stocks slipped in thin holiday trading. The Financial Select Sector SPDR ETF fell 0.5%. Investors are watching Fed minutes this week and Citi’s Jan. 14 earnings call for direction. Treasury yields hovered just above 4.1% as markets priced in further Fed rate cuts.