(CNBC) — U.S. stocks closed more than 2 percent higher, rebounding from their second-worst week for the year as gains in global markets boosted sentiment.
"I think it's just a bounce from a lousy week," said Maris Ogg, president of Tower Bridge Advisors. "There are a number of things coming up (such as bank loan reviews in October) that I think we need to get through before this is over."
The major averages traded more than 2 percent higher. The Dow Jones industrial average ended about 388 points higher, off a more than 400-point gain hit in the minutes just before the close. General Electric jumped more than 3.5 percent as the greatest blue chip advancer.
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