S&P 500 up 1 percent as materials rally
The Dow Jones industrial average gained 47.46 points, or 0.47 percent, to 10,201.89. The Standard & Poor's 500 Index rose 8.70 points, or 0.81 percent, to 1,079.95. The Nasdaq Composite Index added 12.71 points, or 0.58 percent, to 2,210.94.
The S&P 500 earlier hit a session low near the key support level of 1,060. Low volume contributed to the market's swings.
(Editing by Kenneth Barry)