Wall St up on China IPO and euro zone banks
U.S. stocks rose at the open on Tuesday, following five sessions of declines, on signs of strength in Europe's banking system and ahead of a $22 billion initial stock offering by the Agricultural Bank of China, set to be the biggest-ever IPO.
The Dow Jones industrial average <.DJI> gained 112.92 points, or 1.17 percent, to 9,799.40. The Standard & Poor's 500 Index <.SPX> rose 12.92 points, or 1.26 percent, to 1,035.50. The Nasdaq Composite Index <.IXIC> added 35.25 points, or 1.69 percent, to 2,127.04.
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