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Updated from 1:38 p.m. EDT
Financial stocks were rallying Tuesday, after embattled Citigroup (C Quote) said it was having its best quarter in more than a year.
Citi CEO Vikram Pandit said in an internal memo late Monday that the company has been "profitable" through the first two months of the year and is having the "best quarter-to-date" since the third quarter of 2007.
Also giving a lift to stocks was news that Rep. Barney Frank (D., Mass.) said the uptick rule, which prevents investors from selling stocks short while the price is declining, could be reinstated soon. ...
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