NEW YORK (Reuters) - The Dow and S&P 500 rose more than 2 percent in late trading on Wednesday, as talk of a rescue of Spain's troubled banks and hopes for more monetary stimulus sparked a rebound from recent selling. Bank shares extended gains.
The Dow Jones industrial average <.DJI> was up 260.35 points, or 2.15 percent, at 12,388.30. The Standard & Poor's 500 Index <.SPX> was up 26.96 points, or 2.10 percent, at 1,312.46. The Nasdaq Composite Index <.IXIC> was up 62.97 points, or 2.27 percent, at 2,841.08.
(Reporting By Caroline Valetkevitch; Editing by Kenneth Barry)