MW: U.S. stocks jump in early trade to extend rally
By V. Phani Kumar
NEW YORK (MarketWatch) -- U.S. stocks soared early Tuesday to step into a third straight day of gains as hopes Europe will act to tackle the region's debt crisis sparked further buying, with financials and energy shares leading an across-the-board charge. The Dow Jones Industrial Average DJIA +2.25% gained 213.58 points, or 1.9%, to 11,257.44, with JPMorgan Chase & Co. JPM +3.73% up 4.3%, while Chevron Corp. CVX +3.57% climbed 3.8% and Exxon Mobil Corp. XOM +2.68% added 2.5% on the back of a strong rebound in crude-oil futures. The S&P 500 Index SPX +2.20% added 1.8% to 1,183.93 and the Nasdaq Composite COMP +1.93% advanced 1.5% to 2,553.86.
