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TUESDAY, FEBRUARY 9, 2010
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 MARKET OPEN 
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Stocks Make Modest Gains

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(Newser) – Stocks went modestly higher at the open today, with the Dow up about 60 points and the Nasdaq and S&P gaining 0.5% and 0.9% respectively, driven by big gains in financials. Citigroup was up 18%, after the Wall Street Journal reported that the government might convert its preferred shares into common equity, which would give it a 25%-40% stake in Citi. Bank of America, meanwhile, gained 15% after CEO Ken Lewis said there was “no reason” it should be nationalized.

Dilip Patel, left, and Glenn Carell, both of Bear Wagner Specialists, work on the floor of the New York Stock Exchange Friday, Feb. 20, 2009, in New York.
Dilip Patel, left, and Glenn Carell, both of Bear Wagner Specialists, work on the floor of the New York Stock Exchange Friday, Feb. 20, 2009, in New York.   (AP Photo/Henny Ray Abrams)
Louis Spina of Barclays Capital, works at his post on the floor of the New York Stock Exchange Friday, Feb. 20, 2009, in New York.
Louis Spina of Barclays Capital, works at his post on the floor of the New York Stock Exchange Friday, Feb. 20, 2009, in New York.   (AP Photo/Henny Ray Abrams)
Gregg Maloney, right, and Charles Solomon, both of LaBranche & Co., work on the floor of the New York Stock Exchange Friday, Feb. 20, 2009 in New York.
Gregg Maloney, right, and Charles Solomon, both of LaBranche & Co., work on the floor of the New York Stock Exchange Friday, Feb. 20, 2009 in New York.   (AP Photo/Henny Ray Abrams)
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