U.S. stocks rebounded from a two-day rout, with major indexes opening more than 1% higher after Chinese stocks stabilized somewhat and data showed solid job gains in the private sector last month and a jump in productivity growth in the second quarter. The S&P 500 added 19 points, or 1% to 1,933. The Dow Jones Industrial Average jumped 200 points, or 1.2%, to 16,249 at the open. The Nasdaq Composite began the day up 56 points, or 1.2% at 4,693.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News