Dow jumps over 600 pts as value stocks lift Wall Street after steep selloff

Financials, energy, industrials lead advance; IBM rises as revenue beats on cloud strength

Wall Street's main indexes jumped on Tuesday, as economically sensitive stocks staged a comeback after a sharp selloff in the previous session, while International Business Machines (IBM) gained on strong second-quarter results.

All the 11 S&P 500 sectors indexes advanced, with energy , financials and industrials rising

more than 2% each.

The move was a sharp reversal from Monday's trading session where the blue-chip Dow Jones index logged its worst day in nearly nine months on concerns that a surge in Delta variant infections might lead to renewed COVID-19 shutdowns and a protracted economic recovery.

"There should be a normal natural pullback in the