US stocks surge to at closing bell

Trader Kevin Lodewick works on the floor of the New York Stock Exchange before the opening bell. World stock markets plunged Monday after China's main index sank 8.5 percent, its biggest drop since the early days of the global financial crisis, amid deepening fears over the health of the world's second-largest economy. Credit: Richard Drew/AP

NEW YORK, NY (AP) – U.S. stocks surged in afternoon trading, putting the stock market on track for its biggest gain in close to four years.

Stocks are rebounding from a six-day slump that was prompted by concerns about the health of the Chinese economy.

The Dow Jones industrial average climbed 528 points, or 3.3 percent, as of 3:26 p.m. Eastern. The Standard & Poor’s 500 index jumped 59 points, or 3.2 percent, to 1,926. The Nasdaq composite gained 156 points, or 3.5 percent.

Treasury bonds fell, pushing up the yield on the 10-year note to 2.19 percent from 2.07 percent. provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language or racial slurs, will be banned. Please be respectful of the opinions of others and keep the conversation on topic and civil. If you see an inappropriate comment, please flag it for our moderators to review.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s