NEW YORK, April 21 (UPI) -- U.S. stock markets recovered from a lackluster opening Tuesday, boosted by financial firms that made up some of their losses of the previous session.
Bank of American Corp. shares gained 9.23 percent, while Citigroup Inc. gained 10.20 percent. U.S. Bancorp shares rose 20.89 percent as Chief Executive Officer Richard Davis said the bank was seeking to return $6.6 billion in federal bailout funds to the government, The Wall Street Journal reported.
By close, the Dow Jones industrial average rose 1.63 percent, 127.83 points, to 7,969.56. The Standard & Poor's 500 gained 2.13 percent, 17.69 points, to 8,50.08. The Nasdaq composite index rose 2.22 percent, 35.64 points, to 1,643.85.
On the New York Stock Exchange, 2,409 stocks advanced and 634 declined on a volume of 7.6 billion shares traded.
The benchmark 10-year U.S. Treasury bond fell 13/32 to yield 2.903 percent.
The euro rose to $1.295, compared to Monday's $1.2939. Against the Japanese yen, the dollar fell to 98.70 yen, compared to Monday's 98.74 yen.
In Tokyo, the Nikkei average dropped 213.42 points to 8,711.33, off 2.39 percent.
In London, the FTSE index fell 0.09 percent, 3.40 points, to 3,987.46.
