Wall Street jumps 2% as China eyed

(From Reuters)

U.S. stocks jumped 2 percent on Tuesday, bouncing after steep losses last week and a China-fueled rebound in global equities.

The Dow Jones industrial average .DJI rose 389.64 points, or 2.42 percent, to 16,492.02, the S&P 500 .SPX gained 48.12 points, or 2.5 percent, to 1,969.34 and the NasdaqComposite .IXIC added 128.01 points, or 2.73 percent, to 4,811.93.



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