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Global Markets: Financials Make a Comeback

Tuesday, 20 Dec 2011 | 11:40 AM ET

U.S. markets take a cue from Europe, heading up on strong housing starts and a plunge in Spanish debt yields. Financials make a comeback after taking a beating yesterday. Jefferies soars after Q4 profit beats estimates. AT&T is up even though the company dropped its bid for T-Mobile yesterday. And Red Hat's poor forecast takes its toll.