CORRECTED-US STOCKS-Wall St follows world markets higher after holiday weekend
(Corrects Apple's name in second bullet)
* China's imports shrink for 10th straight month
* Apple biggest boost to the S&P, Nasdaq
* Media General jumps after offer to buy Meredith Corp
* Indexes up: Dow 1.54 pct, S&P 1.47 pct, Nasdaq 1.70 pct
By Tanya Agrawal
Sept 8 (Reuters) - U.S. stocks were higher in late morning trading on Tuesday as investors returned from a holiday weekend after a late rally by Chinese shares lifted global markets.
Chinese stocks rose nearly 3 percent on Tuesday as a surge in late-afternoon buying helped erase early losses. China said late on Monday it would remove tax on dividend incomes for investors who hold stocks for more than a year in an effort to encourage longer-term investment.
Data on Tuesday showed that China's imports shrank far more than expected in August, falling for the 10th straight month, bolstering hopes of more stimulus measures from the Chinese government. Continuación...