Wall Street has rebounded from Monday's falls, as sentiment was lifted by a better-than-expected update from General Electric and hopes for a US rescue for ailing Detroit car makers.
The Dow Jones Industrial Average rallied 270.00 points or 3.31% to 8,410.09 just after the closing bell, coming off a 679-point loss on Monday.
The Nasdaq composite climbed 51.73 points or 3.70% to 1,449.80 and the Standard & Poor's 500 added 32.60 points or 3.99% to a preliminary close at 848.81, after both fell more than 8% on Monday.
Market action came as the Big Three Detroit carmakers were pressing Congress for emergency loans of $US34 billion to avert a potentially catastrophic collapse.
.
