Wall St Rises On News Of Citi Stake Talks

Traders work on the floor of the New York Stock Exchange in New York

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A report in the Wall Street Journal said the U.S. government may end up holding as much as 40 percent of Citigroup`s common stock.

U.S. stocks rose on Monday on reports that Washington could end up with a big stake in Citigroup's common stock as the surest sign yet that it is ready to avert further paralysis of the financial system.

* A report in the Wall Street Journal said the U.S. government may end up holding as much as 40 percent of Citigroup's common stock.

* The Dow Jones industrial average rose 57.43 points, or 0.78 percent, to 7,423.10. The Standard & Poor's 500 Index gained 6.81 points, or 0.88 percent, to 776.86. The Nasdaq Composite Index was up 6.24 points, or 0.43 percent, at 1,447.47.

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