S&P 500 rises more than 1%, Dow adds 600 points as stocks try to recover from sharp sell-off; European markets close higher despite fears for global growth; Stoxx 600 up 1.3% 
Stocks bounced on Monday as investors snapped up beaten-down shares such as banks after the Dow Jones Industrial Average notched eight straight losing weeks. The blue chip index jumped 618.34 points, or nearly 2%, to 31,880.24. The S&P 500 advanced about 1.9% to 3,973.75, cutting its losses after falling into bear market territory at one point on Friday, down more than 20% from its record. The Nasdaq Composite rose 1.6% to 11,535.27. 
JPMorgan rose 6.2% after the bank said it expects to reach key return targets sooner than planned, thanks to rising rates giving its lending business a boost. Citi also got a 6% boost, as the benchmark 10-year Treasury yield rebounded from last week. Wells Fargo and Bank of America each added more than 5%. 
Shares of VMWare jumped more than 24.9% after Bloomberg News and Reuters reported that chipmaker Broadcom is in talks to acquire the cloud services company, citing sources. Broadcom shares fell 3.1%. 
Electronic Arts shares rose 2.3% following a report that the video game maker is actively seeking a sale or merger. 
Shares of VMWare jumped more than 24.9% after Bloomberg News and Reuters reported that chipmaker Broadcom is in talks to acquire the cloud services company, citing sources. Broadcom shares fell 3.1%. 
Electronic Arts shares rose 2.3% following a report that the video game maker is actively seeking a sale or merger. 

Siemens Gamesa shares jumped 6.2% toward the top of the European blue chip index after Siemens Energy offered to buy all outstanding shares of the renewables firm for 4.06 billion euros ($4.29 billion). 
At the bottom of the index, Swiss pharmaceuticals company Vifor Pharma fell 8.3%. 
Source: CNBC, Investing.com