US STOCKS-Wall St jumps 2 pct as China gains fuel global gains

martes 8 de septiembre de 2015 17:26 GYT
 

* China's imports shrink for 10th straight month

* Apple biggest boost to the S&P, Nasdaq ahead of unveiling new iPhone

* Indexes up: Dow 2.4 pct, S&P 2.5 pct, Nasdaq 2.7 pct (Updates close with Yahoo down after the bell, latest volume)

By Caroline Valetkevitch

Sept 8 (Reuters) - U.S. stocks rose more than 2 percent on Tuesday, bouncing after steep losses last week and a China-fueled rebound in global equities.

Gains were broad-based and followed a three-day U.S. holiday weekend. All but one of the 10 major S&P sectors - energy - ended with gains of more than 2 percent.

Hopes for more stimulus measures from the Chinese government increased after data on Tuesday showed that China's imports shrank far more than expected in August, falling for the 10th straight month.

Chinese stocks surged in a late rally, sparking a rebound in global equities. Late on Monday, China said it would remove a tax on dividend incomes for investors who hold stocks for more than a year in an effort to encourage longer-term investment.

"We had some nice buying opportunities with the sell-off in August, and I think people are starting to take advantage of that and put money to work," said Larry Peruzzi, senior equity trader at Cabrera Capital Markets Inc in Boston.   Continuación...