However the technical rebound was expected to be temporary and weak.
Financial stocks ranked among the best performers. The S&P 500 financial sector index gained 1.5 per cent, significantly outperforming other sectors. Bank of America shares shot up 2.6 per cent to $7.08 and JPMorgan added 3.1 per cent to $31.96.
The Dow Jones industrial average added 24.60 points, 0.20 per cent, to 12,125.91. The Standard & Poor’s 500 Index rose 6.59 points, 0.52 per cent, to 1,284.77. The Nasdaq Composite Index gained 15.70 points, or 0.57 per cent, to 2,775.71.