REFILE-US STOCKS-China hopes, oil's jump end Wall St 5-day rout

Wed Mar 4, 2009 11:01pm GMT
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(Refiles to fix grammar in headline)

* China optimism lifts energy, materials shares

* Market breaks 5-day loss

* But GE slides on finance arm worries

* Dow up 2.2 pct, S&P up 2.4 pct, Nasdaq up 2.5 pct

* For up-to-the-minute market news, click [STXNEWS/US] (Adds details on financial stocks and volume)

By Leah Schnurr

NEW YORK, March 4 (Reuters) - U.S. stocks rallied on Wednesday, ending a five-day losing streak, as another Chinese stimulus package boosted commodity prices and encouraged investors to jump into energy and natural resource shares.

News that China will increase spending on infrastructure and manufacturing drove oil and metals prices higher, helping to underpin the market after it hit a 12-year low a day earlier. For more see [ID:nSP488798]. Data also suggested China's economy is recovering. [ID:nPEK16693]  Continued...

 
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