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Wall Street jumps on Fed optimism


    NEW YORK (Reuters) - Stocks surged more than 2 percent on Tuesday as buyers emerged ahead of a highly anticipated address by Federal Reserve Chairman Ben Bernanke later this week.

    The Dow Jones industrial average jumped 212.94 points, or 1.96 percent, to 11,067.59. The Standard & Poor's 500 Index gained 24.94 points, or 2.22 percent, to 1,148.76. The Nasdaq Composite Index soared 65.84 points, or 2.81 percent, to 2,411.22.