Stocks snap higher on Wall Street; Citigroup upJuly 14, 2014 @ 1:13 pm
See all photos
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.
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
'Intentional & Dishonest'
Jason Rantz asks, why is SDOT minimizing the number of drivers coming into Seattle?
Dam Difficult Decision
November is the wettest month & that means flooding could be just days or weeks away
Please login below with your Facebook, Twitter, Google+ or Disqus account. Existing MyNorthwest account holders will need to create a new Disqus account or use one of the social logins provided below. Thank you.