For the second straight day, stocks moved sharply higher late in trading after fluctuating in the early going.
Earnings from technology companies like Nokia and big banks like JPMorgan Chase & Co. fed hopes that some businesses are stabilizing.
The Dow Jones industrial average is up 96 points, or 1.2 percent, at 8,125. The Standard & Poor's 500 index is up 13, or 1.6 percent, at 865. The Nasdaq composite index is up 43, or 2.7 percent, at 1,670.
Four stocks rose for every one that fell on the New York Stock Exchange, where volume came to 1.6 billion shares.
(Copyright 2009 by The Associated Press. All Rights Reserved.)
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