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Dow Dips 200 Points; Citigroup Posts Upbeat Earnings

U.S. stocks traded lower this morning, with the Dow Jones index falling around 200 points on Friday. Following the market opening Friday, the Dow traded down 0.54% to 38,249.92 while the NASDAQ fell 0.83% to 16,305.21. The S&P 500 also fell, dropping, 0.62% to 5,166.70. Check This Out: Best Buy, Box And 2 Other Stocks Insiders Are Selling   Leading and Lagging Sectors   Energy shares rose by 1.1% on Friday. In trading on Friday, information technology shares fell by 1.1%.   Top Headline   Citigroup Inc (NYSE: C) posted better-than-expected earnings for its first quarter. Citigroup reported a first-quarter fiscal 2024 revenue decline of 2% year-over-year to $21.10 billion, beating the consensus of $20.39 billion. GAAP EPS of $1.58 beat the consensus of $1.20.   Equities Trading UP   PaxMedica, Inc. (NASDAQ: PXMD) shares shot up 137% to $0.9902 after the company announced the completed execution of three pivotal registration/validation batches of PAX-101. Shares of Beneficient (NASDAQ: BENF) got a boost, surging 65% to $0.1145 after dipping around 10% on Thursday. NextPlat Corp (NASDAQ: NXPL) shares were also up, gaining 44% to $2.17 after the company reported a year-over-year increase in FY23 consolidated ...