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Wall Street: Stocks and gold rise

October 21, 2011 |  7:56 am

Wall Street: European leaders are beginning crucial talks aimed at finding a solution to the sovereign debt crisis
Gold: Trading now at $1,647 an ounce, up 2.1% from Thursday. Dow Jones industrial average: Trading now at 11,738.45, up 1.7% from Thursday.

Looking to Europe. European leaders are beginning crucial talks aimed at finding a solution to the sovereign debt crisis, and investors seem to be optimistic about the outcome.

Citi's roadblock. Citi is trying to put its subprime mortgage problems behind it with a settlement this week -- but first the settlement has to make it past a judge who has rejected past deals that let banks off without any admission of guilt.

Main Street needs Wall Street. Time magazine takes a look at why the recent struggles of Wall Street banks are not a good thing for Main Street.

Baldwin on the Fed. On a walk through the Occupy Wall Street encampment, Alec Baldwin calmly takes on a number of Ron Paul supporters asking the actor to throw his weight behind ending the Federal Reserve.

-- Nathaniel Popper in New York
Twitter.com/nathanielpopper

Photo credit: Stan Honda / Getty Images

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