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September 12, 2011

Stocks rallied in the final hour to finish near session highs Monday, erasing their earlier losses in choppy trading, following an FT report that China was in talks with Italy to purchase its bonds. “[Italy’s move] seems logical—when you need money, you go to the guys that have it," said Brian Battle, vice president of trading at Performance Trust Capital Partners. “It’s good news that Italy’s seeking a solution, but it’s bad that they need a solution.”

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