Stocks flew higher Tuesday, as positive comments from Citigroup's(C Quote) CEO and the possibility of the uptick rule being reinstated cheered investors. The good news from Citigroup spilled over into shares of fellow financials Bank of America(BAC Quote) and JP Morgan Chase(JPM Quote) sending all three onto TheStreet.com's top ten most searched stocks list.
Citi chief Vikram Pandit offered some reassurance to investors and the market, saying the bank has had a strong start to 2009. Nonetheless, U.S. officials are reportedly examining what new steps they might need to take to stabilize Citi if conditions worsen for the bank, according to a Wall Street Journal report. The Treasury Department already has a 36% stake in the troubled U.S. bank, which dipped below $1 a share briefly last week. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,471.50 | 1,106.41 | 2,190.31 | 35.40 |
Oil *
71.66
|
|
UP
65.67
|
UP
4.06
|
DOWN
0.55
|
UP
0.58
|
10 Yr
3.54%
SPDR Gold
109.32
|
|
+0.63%
|
+0.37%
|
-0.03%
|
+1.67%
|
Data delayed 20 minutes |
Connect with TheStreet