Business briefly: Stocks notch solid gains as China stabilizes currency

Stocks closed broadly higher Tuesday as Wall Street regained its footing a day after the market had its biggest decline in a year.
The bounce pushed the Dow Jones Industrial Average more than 300 points higher and snapped a six-day losing streak for the market, though the benchmark S&P 500 recouped only a little more than a third of the losses from Monday.
China’s decision to stabilize its currency put investors in a buying mood Tuesday. News that China allowed its currency to deprecia