U.S. stocks bounce back after Monday's plunge

Indexes positioned for steep declines in crisis-riddled month of September

NEW YORK (MarketWatch) -- U.S. stock indexes on Tuesday blasted back from the prior session's historic rout, with the Dow Jones Industrial Average chalking up its third-biggest point gain on optimism that a rescue plan would make a comeback in coming days on Capitol Hill.
"Maybe the sky isn't falling," said Frederic Ruffy, options strategist at WhatsTrading.com.

The Dow Jones Industrial Average ($INDU:Dow Jones Industrial Average
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Last: 10,850.66+485.21+4.68%

4:30pm 09/30/2008

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$INDU 10,850.66, +485.21, +4.7%) gained 485.21 points, or 4.7%, to 10,850.66, a level that has the blue-chip index down 6% from the end of August, and 4.4% for the third quarter.
Of the Dow's 30 components, all but one ended higher, with blue-chip financials fronting the advance.