At 10:40 a.m. ET (1540 GMT) the Dow Jones industrial average was up 192.51 points, or 1.19 percent, at 16,343.92. The S&P 500 was up 21.7 points, or 1.15 percent, at 1,911.98 and the Nasdaq Composite index was up 45.11 points, or 1 percent, at 4,571.18. “We’ve seen such a strong selloff and moved into correction territory for the year, there’s more of a ‘sentiment-in-momentum’ trade that is underway rather than a focus on fundamentals,” Bill Northey, chief investment officer of the private client group at U.S. Bank.