US stocks jump 2% after recent selloff; yen drops to lowest level in 22 years

Yen drops to lowest level in 22 years vs US dollar

NEW YORK: Stocks on global indexes rose sharply on Tuesday, with major U.S. stock indexes each ending up more than 2% following a recent selloff, while the Japanese yen fell against the U.S. dollar to its lowest level since October 1998.

Wall Street climbed as participants returned from a long weekend, with investors buying up shares of megacap growth and energy companies hit last week by global economic worries.