Stocks advance amid merger activity as Citigroup rallies

NEW YORK – U.S. stocks advanced, after the Standard & Poor’s 500 Index posted its biggest weekly loss in three months, on an increase in takeover activity and better-than-forecast earnings from Citigroup Inc. Citigroup climbed 3.1 percent after also agreeing to pay $7 billion to settle a mortgage-bond probe. Apple Inc. rose after Barclays PLC…

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