BUZZ-U.S. Stocks on the Move- Bank stocks, Skyworks, oil stocks
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U.S. stocks rose sharply on Tuesday, rebounding from the S&P 500's worst three-day drop since November 2011, as bullish investors pinned hopes on a solid earnings season to ease global growth concerns. The Dow Jones industrial average was up 0.68 percent at 16,431.78, the S&P 500 was up 1.02 percent at 1,893.88 and the Nasdaq Composite was up 1.09 percent at 4,259.74.
** JPMORGAN CHASE & CO, $58.44, +0.48 pct
The biggest U.S. bank reported lower-than-expected third-quarter profit on Tuesday as high costs more than offset strength in its capital markets and lending businesses..
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** CITIGROUP INC, $51.44, +3.09 pct
The third-largest U.S. bank said it would pull out of consumer banking in 11 markets, including Japan and Egypt, as the U.S. bank with the biggest international business looks to cut persistently high costs. Continued...