Business

Stocks snap higher on Wall Street; Citigroup up

By The Associated Press
Published July 14, 2014 8:10pm ET
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Stocks snap higher on Wall Street; Citigroup up
FILE - This July 15, 2013 file photo shows the New York Stock Exchange in New York. Stock futures are climbing on Monday, July 14, 2014, as investors look to shake off the worst week for the stock market in three months. Citigroup's shares rose after it turned in better earnings and revenue than Wall Street expected. (AP Photo/Mark Lennihan, File) | Mark Lennihan

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.

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