Tuesday, April 17, 2007

Stocks rise

Stocks rise amid profit, economic news (AP)

The Citibank logo is shown on a branch office in this April 11, 2007 file photo in New York. First-quarter profit at Citigroup Inc. dropped 11 percent as the nation's largest financial institution took a charge to cover a massive restructuring designed to cut costs and improve earnings. Still, the results announced Monday, April 16, 2007 beat Wall Street expectations.  (AP Photo/Mark Lennihan, file)AP - Wall Street began the week with a strong start Monday as better-than-expected profits at Citigroup Inc. and a healthy increase in consumer spending renewed investors' optimism about the economy. The Dow Jones industrials soared more than 100 points.


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