Dow Rebounds, Ends Day Up 293

Nasdaq, S&P 500 are also up
By Newser Editors and Wire Services
Posted Sep 2, 2015 3:15 PM CDT
Dow Rebounds, Ends Day Up 293
Specialist Jay Woods, right, works with trader John Bishop on the floor of the New York Stock Exchange, Wednesday, Sept. 2, 2015.    (Richard Drew)

US stocks are closing broadly higher as the market bounces back from a plunge yesterday. The Dow Jones industrial average climbed 293 points, or 1.8%, to 16,351 today. The Standard & Poor's 500 index increased 35 points, or 1.8%, to 1,948. The Nasdaq composite gained 113 points, or 2.5%, to 4,749. The Dow sank almost 470 points the day before as traders worried about more signs of weakness in China's economy.

European markets mostly rose. Tax preparer H&R Block jumped almost 8%, the most in the S&P 500 index, after announcing a smaller loss than analysts were expecting and a stock buyback program. Bond prices fell. The yield on the 10-year Treasury note rose to 2.19%. (More Dow Jones stories.)

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