U.S. markets rally after Monday's fall

NEW YORK, Sept. 30 (UPI) -- U.S. market gains rallied Tuesday as investors placed bets Washington would come up with a financial bailout plan after all.

Records tumbled around the globe Monday after the U.S. House of Representatives failed to pass a $700 billion bailout plan on its first attempt.

By close Tuesday, the Dow Jones average was up 485.21 points, or 4.68 percent, to 10,850.66. The Standard & Poor's 500 climbed 58.35 points, or 5.27 percent, to 1,164.74. The Nasdaq composite index gained 98.60 points, 4.97 percent, to 2,082.33.

On the New York Stock Exchange, 2,560 stocks advanced and 610 declined on a volume of 6.03 billion shares traded.

The benchmark 10-year U.S. Treasury bond fell 2 1/32 to yield 3.82 percent.

The dollar fell Tuesday. The euro rose to $1.4112, compared to $1.4076 Monday. Against the Japanese yen, the dollar fell to 106.03 yen, from 106.35 yen.

In Tokyo, the Nikkei average lost 483.75 points to 11,259.86, off 4.12 percent.

The FTSE index in London rose Tuesday, up 1.74 percent to 4,902.50, gaining 83.70 points.