Teh U.S. stock market ignored another sell-off in China and surged higher in opening trading Tuesday, partly reversing a severe plunge over the prior three sessions. European stocks also rose.
The Dow Jones industrial average jumped 379.28 points, or 2.4%, to 16,250.63 within the first half-hour of trading. The blue-chip measure had tumbled 8.5% over the last three sessions.
All 30 of the Dow's component stocks were higher. Apple Inc. soared 5.4%, Procter & Gamble Co. was up 3.4% and Walt Disney Co. gained 3%.
The broader Standard & Poor's 500 index rose 43.58, or 2.