U.S. stocks rally to close higher, recovering some lost gains after Fed notes growth

SAN FRANCISCO (MarketWatch)
U.S. stocks closed sharply higher Wednesday, bouncing back after a deep two-day retreat, as investors took heart from better-than-forecast October jobs data from payroll provider ADP and comments from the Federal Reserve, which noted recent improvement in the economy.
Europe's future was also in play as European officials signaled further Greek bailout money was on hold.
The Dow Jones Industrial Average was up 178.08 points, or 1.5%, to 11,836.04.
It had fallen 4.7% over the prior two sessions.
The S&P 500 gained 19.62 points, or 1.6%, to 1,237.9.
The Nasdaq Composite rose 33.02 points, or 1.3%, to 2,639.98.