Stocks snap higher in early trading; Citigroup up - KAUZ-TV: Newschannel 6 Now | Wichita Falls, TX

Stocks snap higher in early trading; Citigroup up

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(AP Photo/Mark Lennihan, File). FILE - This July 15, 2013 file photo shows the New York Stock Exchange in New York. (AP Photo/Mark Lennihan, File). FILE - This July 15, 2013 file photo shows the New York Stock Exchange in New York.
  • NationalMore>>

  • Police investigate deaths of family of 5 in Maine

    Police investigate deaths of family of 5 in Maine

    Monday, July 28 2014 2:15 AM EDT2014-07-28 06:15:13 GMT
    Neighbors struggled to make sense of the shooting deaths of a family of five in which the father was known to many throughout their apartment complex as a friendly maintenance worker.
    Neighbors struggled to make sense of the shooting deaths of a family of five in which the father was known to many throughout their apartment complex as a friendly maintenance worker.
  • Man dies after lightning strike affects 14

    Man dies after lightning strike affects 14

    Monday, July 28 2014 1:54 AM EDT2014-07-28 05:54:27 GMT
    Authorities now say 14 people - including a 15-year-old - have been struck by lightning during rare summer thunderstorms that have swept through Southern California, injuring two critically.
    A 20-year-old man died Sunday after lightning struck or rattled 13 people at a popular Los Angeles beach and a golfer on Catalina Island during summer thunderstorms that swept through Southern California, authorities said.
  • Shave ice vendor defies town's new ban on peddlers

    Shave ice vendor defies town's new ban on peddlers

    Monday, July 28 2014 1:44 AM EDT2014-07-28 05:44:52 GMT
    A $3 cup of shave ice is at the center of a dispute in this beach town between street vendors trying to stay in business and town officials who say the vendors cause traffic congestion and increase the potential...
    A $3 cup of shave ice is at the center of a dispute in this beach town between street vendors trying to stay in business and town officials who say the vendors cause traffic congestion and increase the potential for...
By The Associated Press

Stocks are up sharply in early trading as the market shakes off its worst weekly performance in three months.

Citigroup rose after the bank turned in better results than Wall Street expected and said it had reached a settlement in an investigation into its mortgage business.

The Dow Jones industrial average rose 126 points, or 0.7 percent, to 17,071 in the first few minutes of trading Monday.

The Standard & Poor's 500 index rose 10 points, or 0.6 percent, to 1,978. The Nasdaq composite rose 25 points, or 0.6 percent, to 4,440.

Mylan rose 3 percent after the company said it will buy Abbott Laboratories' generic-drug business

Bond prices fell. The yield on the 10-year Treasury note edged up to 2.53 percent.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • InternationalMore>>

  • Relative lull in Gaza as UN calls for cease-fire

    Relative lull in Gaza as UN calls for cease-fire

    Monday, July 28 2014 2:14 AM EDT2014-07-28 06:14:19 GMT
    Israel and Hamas have lowered the pace of the fighting in the three-week-old Gaza war as international efforts intensify to end the conflict that has already killed 1,030 Palestinians and 43 Israeli soldiers.
    Israel and Hamas have lowered the pace of the fighting in the three-week-old Gaza war as international efforts intensify to end the conflict that has already killed 1,030 Palestinians and 43 Israeli soldiers.
  • UN Security Council calls for Gaza cease-fire

    UN Security Council calls for Gaza cease-fire

    Monday, July 28 2014 2:07 AM EDT2014-07-28 06:07:17 GMT
    The U.N. Security Council has called for "an immediate and unconditional humanitarian cease-fire" in the Gaza war between Israel and Hamas.
    The U.N. Security Council called for "an immediate and unconditional humanitarian cease-fire" in the Gaza war between Israel and Hamas at an emergency meeting just after midnight (0400 GMT) Monday morning.
  • Gaza war rages despite Hamas, Israel truce pledges

    Gaza war rages despite Hamas, Israel truce pledges

    Monday, July 28 2014 12:37 AM EDT2014-07-28 04:37:23 GMT
    Israel and Hamas launched new attacks Sunday in the raging Gaza war, despite going back and forth over proposals for a temporary halt to nearly three weeks of fighting ahead of a major Muslim holiday.
    Israel and Hamas launched new attacks Sunday in the raging Gaza war, despite going back and forth over proposals for a temporary halt to nearly three weeks of fighting ahead of a major Muslim holiday.