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Wall Street jumps after bank rescue plan


    NEW YORK (Reuters) - Stocks gained more than 2 percent on Tuesday after the Treasury Department said it would pump $250 billion into major banks, easing fears about stability in the U.S. financial system.

    The Dow Jones industrial average climbed 354.51 points, or 3.78 percent, to 9,742.12. The Standard & Poor's 500 Index was up 33.03 points, or 3.29 percent, at 1,036.38. The Nasdaq Composite Index gained 50.52 points, or 2.74 percent, at 1,894.77.

    (Reporting by Leah Schnurr; Editing by Kenneth Barry)