Friday, November 21, 2014
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Stocks snap higher on Wall Street; Citigroup up

US stocks march higher, shaking off worst week in three months; Citigroup gains

Posted on July 14, 2014 at 12:00 a.m. | Updated on July 14, 2014 at 4:10 p.m.

Stocks are closing sharply higher as the market shakes off its worst weekly performance in three months.

Citigroup rose 3 percent after the bank turned in better results than Wall Street expected. The bank also said it had reached a settlement in an investigation into its mortgage securities business.

The Dow Jones industrial average rose 111 points, or 0.7 percent, to 17,055 on Monday.

The Standard & Poor’s 500 index rose nine points, or 0.5 percent, to 1,977. The Nasdaq composite rose 25 points, or 0.6 percent, to 4,440.

Mylan rose 2 percent after the company said it will buy Abbott Laboratories’ generic-drug business.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.55 percent.


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 The Wall Street subway stop on Broadway, in New York's Financial District,  Thursday, Oct. 2, 2014.  U.S. financial markets surged in early trading Friday, Nov. 21, 2014 as investors cheered a surprise interest rate cut in China and a hint of further stimulus for Europe from the head of the region's central bank. The rally extended gains from a day before, pushing the major market indexes further into record territory.  (AP Photo/Richard Drew)

Posted 59 minutes ago

Posted 59 minutes ago
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