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Stocks have rallied back from a recent slip. The effort has taken the broader market up to a gain of more than 2%. Buying action has been broad based, but newfound strength among financials has been a primary impetus for the move.
Financial stocks had been lagging all session as participants applied pressure to diversified banks and financial services providers, but the overall financial sector has since climbed to a 2.0% gain. The move comes as the likes of JPMorgan Chase (JPM 34.27, +0.86) and Citigroup (C 26.90, +0.84) rally to heady gains.
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