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Updated from 12:15 p.m. EDT
Research In Motion(RIMM) helped lead tech stocks higher Wednesday, as the stock traded above its 52-week high attained the day before.
The BlackBerry maker rose 2.3% after Citigroup initiated coverage of the stock with a buy rating. Lehman Brothers also raised its price target. Shares closed up $2.18 to $99.
Sirius Satellite Radio(SIRI) and XM Satellite Radio(XMSR) rose 4.3% and 6.4%, respectively, after a senior Justice Department official told a Congressional committee that the department was moving "as quickly as possible" in its review of a proposed merger, according to Reuters. ...
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