NEW YORK, March 11 (UPI) -- U.S. markets made strong advances Tuesday as a rally faltered in midday, then picked up again and soared to the day's close.
It was the market's biggest jump in five years with financial firms making strong gains on the U.S. Federal Reserve's plans to make $200 billion available in U.S. Treasury securities loans.
The Dow Jones industrial average gained 416.66 points by close Tuesday, up 3.55 percent to 12,156.81 points.
The Standard & Poor's 500 index also rallied, up 3.71 percent Tuesday on a 47.28 point gain to 1,320.65 points.
The Nasdaq composite index climbed 86.42 points, or 3.98 percent, to 2,255.76 points.
The 10-year U.S. Treasury note declined 1 5/32 to yield 3.605 percent.
The euro traded at $1.5315 from $1.5375 early Tuesday, while the dollar traded at 103.50 yen from 102.855 yen early Tuesday.
In Tokyo, the Nikkei index gained 126.15 points Tuesday, up 1.01 percent to close at 12,658.28 points.
In London, the FTSE 100 index gained 80.20 points to close at 5,709.30, up 1.42 percent
