Monday, April 16, 2007

Wall St surges on Citigroup, Sallie Mae

(Reuters) - U.S. stocks rose on Monday, as investors snapped up financial shares after unexpectedly strong results from Citigroup and news of a $25 billion buyout of student loan company Sallie Mae.

The gains took all three major indexes firmly back above the levels seen before the stock market's late February sell-off, with Citigroup's shares leading advances on both the S&P 500 and the Dow, with a 3.1 percent gain.


Read more at Reuters Africa

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