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US STOCKS SNAPSHOT-Wall St jumps on bank, tech rally

Reuters - UK Focus

NEW YORK, May 24 (Reuters) - Wall Street surged over 1 percent on Tuesday and the Nasdaq (NasdaqGS: NDAQ - news) had its strongest day in three months as investors made peace with the possibility that the U.S (Other OTC: UBGXF - news) . Federal Reserve might soon raise interest rates.

The Dow Jones industrial average rose 212.71 points, or 1.22 percent, to 17,705.64, the S&P 500 gained 27.98 points, or 1.37 percent, to 2,076.02 and the Nasdaq Composite added 95.27 points, or 2 percent, to 4,861.06. (Reporting by Chuck Mikolajczak; Editing by Nick Zieminski)