US shares rebound with strong gain of 1.1%



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Close): US shares recovered strongly after the turmoil prompted by the Swiss move to end its franc-euro cap.

Forex broker FXCM, suspended after clients lost $225m from the fall out, rejoined trading after a $300m loan.

Its shares added a 68% fall to Thursday's 90% drop.

The Dow Jones rose 190.8 points, or 1.1%, to 17,511.57. The S&P 500 rose 26.7 points, or 1.34%, to 2,019.37 and the tech-focused Nasdaq index gained 63.56 points, or 1.39% to 4,634.38.

FXCM shares were at $4 a share from the quote of $12.63 on Thursday.

The company said it risked breaching some capital requirements following the Swiss action but later Leucadia National said it would lend it $300m to meet regulatory capital requirements.

After lacklustre results, Goldman Sachs dropped more than 2% but regained some of that to end with a loss of 0.71% - still the biggest loser among the Dow 30.

Home Depot was the best Dow gainer, rising 3%.

Shares in camera maker GoPro continued to slide, down more than 5% at one point, but it, too regained ground to end with a 2.2% loss.

Investors have been spooked by reports earlier this week that Apple had been granted a patent for an action-style camera similar to those made by GoPro, with shares now down by almost a quarter.

Games maker Activision Blizzard was one of the biggest risers, adding 9% on the news that Call of Duty: Advanced Warfare was the world's best-selling console game in 2014.