*Citigroup shares slump after Fed rejects capital plan. The decline is not as steep as it was earlier this week, but the continued weakness we see in these sectors suggests that investors are becoming more cautious as money continues to leave the stock market, "said Ryan Detrick, senior technical strategist at Schaeffer's Investment Research in Cincinnati, Ohio.
*Citigroup shares slump after Fed rejects capital plan. NEW YORK, March 27- U.S. stocks extended losses in late afternoon trading on Thursday, erasing S&P 500' s year-to-date gain, as banks and technology stocks led the decline.
*Citigroup shares slump after Fed rejects capital plan. It's been incredibly uneven, and that is another reason why there is some hesitancy, "said Peter Kenny, chief executive officer of Clearpool Group in New York.
*Gold hits 6- week bottom on worry over U.S. rate hike. *Citigroup shares post biggest daily drop since Nov. 2012.
*Citigroup shares slump after Fed rejects capital plan. Markets were also pressured by a steep decline in Citigroup Inc shares, which suffered their biggest daily drop since November 2012 after the Federal Reserve rejected the bank's capital plan.
*Citigroup falls in premarket, Fed rejects capital plan. NEW YORK, March 27- U.S. stock index futures indicated a flat opening on Wall Street Thursday as the latest economic data pointed to improving conditions, though investors were reluctant to make big bets amid tensions in Ukraine and a drop in Citigroup shares.
*Citigroup falls in premarket, Fed rejects capital plan. *On Wednesday, the U.S. and the European Union agreed to work together to prepare possible tougher economic sanctions in response to Russia's annexation of Ukraine's Crimea territory, including on the energy sector.
Citi was one of five banks whose capital plans were not approved. The Fed said Citi's plan did not fix previously raised issues.
WASHINGTON/ NEW YORK, March 26- The Federal Reserve on Wednesday rejected Citigroup Inc's plans to buy back $6.4 billion of shares and boost dividends, saying the bank is not sufficiently prepared to handle a potential financial crisis.
WASHINGTON, March 26- The U.S. Federal Reserve on Wednesday objected to plans by Citigroup and four other banks to return capital to shareholders, saying it had uncovered deficiencies during an annual test of their financial robustness.
Federal Reserve on Wednesday rejected Citigroup's planned payout to shareholders because of shortcomings found in its annual check-up of the financial health of the country's biggest banks, the second time Citi was dealt a blow in the so-called stress tests.
The biggest change was for American Express, whose minimum capital ratio under stress declined by 0.5 percentage point to 12.1 percent. M&T Bank, which had the next lowest capital level on Thursday, was revised up by 0.3 percentage point to 6.2 percent under stress.
U.S. stocks fell on Friday as investors considered Ukraine ahead of the weekend.
*Nike shares fall after results. Biogen Idec Inc, down 8.2 percent at $318.53, and Gilead Sciences Inc, down 4.6 percent at $72.07, were the two biggest drags on the S&P 500. The Nasdaq biotech index fell 4.4 percent.
The Federal Reserve on Friday issued corrections to the closely watched annual bank stress tests results that were published a day earlier.
Some of the names on the move ahead of the open.
Nike among the companies in the news after the bell Thursday.
The Federal Reserve's most recent stress test shows 29 out of 30 U.S. banks met their stress test capital requirements.
WASHINGTON, March 20- U.S. big banks have enough capital buffers to withstand a drastic economic downturn, the Federal Reserve said on Thursday, announcing that 29 out of 30 major banks met the minimum hurdle in its annual health check.
WASHINGTON, March 20- U.S. banks generally have big enough capital buffers to withstand a drastic economic downturn, the Federal Reserve said on Thursday, announcing that 29 out of 30 major banks met the minimum hurdle in its annual health check.