Sunday, September 21, 2014
Loading...





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.




 Former Army Reserve Sgt. Xavier Watt visits his grandfather's grave, who served in the U.S. Air Force,  on Memorial Day at the Houston National Cemetery on May 26, 2014, in Houston.  Like hundreds of thousands of soldiers back from the war in Iraq, Watt has been diagnosed with post-traumatic stress disorder and is finding that complicates things in the workplace. He takes medication to control his dark moods, he's had extensive counseling to help him cope with conflict and he leans on his supportive family as he wrestles with scarring memories earned a decade ago far away.  He says he is OK to return to work and that he's got medical reports to prove it. So far, SunEdison won't let him back.  The U.S. Equal Employment Opportunity Commission estimates 400,000 veterans who served in Iraq and Afghanistan have some form of PTSD.  (AP Photo/Houston Chronicle, Johnny Hanson)

Posted 5 minutes ago

Updated 54 minutes ago

Updated 1 hour ago
Back to top ^