NEW YORK (Reuters) - Stocks jumped on Wednesday, with the S&P staging a major reversal above its 200-day moving average, as talk of a rescue of Spain's troubled banks and hopes for more monetary stimulus sparked a rebound from recent selling.
The Dow Jones industrial average <.DJI> was up 285.86 points, or 2.36 percent, at 12,413.81. The Standard & Poor's 500 Index <.SPX> was up 29.54 points, or 2.30 percent, at 1,315.04. The Nasdaq Composite Index <.IXIC> was up 66.61 points, or 2.40 percent, at 2,844.72.
(Reporting By Edward Krudy; Editing by Kenneth Barry)
