U.S. stocks rebounded sharply on Tuesday as investors sought out bargains a day after Wall Street turned in its worst performance in four years. Markets also got a shot of good news with China's second interest rate cut in two months, but analysts stopped short of declaring that the worst was over.
All the three major Wall Street indexes were up more than 2 percent, with tech stocks and banks leading the way. On Monday, the Dow Jones briefly slumped more than 1,000 points, its steepest intraday fall ever, and the S&P 500 recorded its worst day since 2011.trial average (DJI) briefly slumped more than 1,000 points – its steepest intraday fall ever – and the S&P 500 recorded its worst day since 2011.