NPR logo

Market Rallies on Citigroup Stock Deal

  • Download
  • <iframe src="https://www.npr.org/player/embed/16665653/16665636" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript
Market Rallies on Citigroup Stock Deal

Economy

Market Rallies on Citigroup Stock Deal

Market Rallies on Citigroup Stock Deal

  • Download
  • <iframe src="https://www.npr.org/player/embed/16665653/16665636" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

The stock market rallied Tuesday on a sharp fall in oil prices and news that Citigroup is about to get a major cash infusion.

The Abu Dhabi Investment Authority bought $7.5 billion of Citigroup stock, giving it a 4.9 percent stake in the U.S. financial services giant.