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Stocks sharply higher

3 years ago August 23, 2011 Aug 23, 2011 Tuesday, August 23 2011 Tuesday, August 23, 2011 10:37:49 AM EDT in News
Source: Associated Press

NEW YORK - Stocks are sharply higher in midday trading for the second day in a row.

Exxon Mobil Corp. rose the most of the 30 stocks in the Dow Jones industrial average on Tuesday, gaining 2.8 percent.

Chevron Corp. rose 2.7 percent.

Bank of America Corp. sank 2 percent, the worst in the Dow.

Other bank stocks were mixed.

Financial stocks have been hit hard in recent weeks over worries about Europe's debt crisis and the possibility that the U.S. could slip back into recession.

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