(Updates with market extending gains)
Tue Apr 1, 2008 2:49pm EDT,YAHOO
NEW YORK, April 1 (Reuters) - U.S. stocks extended gains on Tuesday, lifting the benchmark S&P 500 and the Nasdaq up more than 3 percent, as Lehman Brothers Holdings Inc's (LEH.N: Quote, Profile, Research) move to bolster its balance sheet calmed worries about the financial sector's stability.
The Dow Jones industrial average .DJI shot up 362.24 points, or 2.95 percent, to 12,625.13. The Standard & Poor's 500 Index .SPX advanced 41.15 points, or 3.11 percent, to 1,363.85. The Nasdaq Composite Index .IXIC climbed 72.03 points, or 3.16 percent, to 2,351.13. (Reporting by Ellis Mnyandu; Editing by Jan Paschal)
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