* The news provided an additional underpinning to a market that was already buoyed by hopes that the worst is over for the financial sector and by data showing fewer-than-expected April job cuts.
* The Dow Jones industrial average .DJI was up 168.30 points, or 2.00 percent, at 8,578.15. The Standard & Poor's 500 Index .SPX was up 21.69 points, or 2.39 percent, at 929.08. The Nasdaq Composite Index .IXIC was up 23.49 points, or 1.37 percent, at 1,739.73. (Reporting by Ellis Mnyandu; Editing by Padraic Cassidy)
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