US STOCKS-Wall St climbs more than 1% after China moves on yuan

* Tech stocks biggest boost to S&P 500
* Take-Two jumps after FY revenue forecast raise
* Indexes up: Dow 1.2%, S&P 500 1.3%, Nasdaq 1.4%

(Updates to close)
By Caroline Valetkevitch
NEW YORK, Aug 6 (Reuters) - U.S. stocks jumped more than 1
percent on Tuesday, bouncing back from a sharp sell-off the
previous day as China stepped in to stabilize the yuan, easing
concerns that currencies would be the next weapon in the
U.S.-China trade war.
China's overnight intervention came after the U.S. Treasury
Department labeled Beijing a currency manipulator as it let the
yuan slide to a more than decade low on Monday.
"It's a signal from the Chinese side that they want to keep
the yuan steady and elevated. But it also indicates how quickly
things can change. That's permeating the tone in the market, and
it's one of the reasons there remains that sense of
trepidation," said Quincy Krosby, chief market strategist at
Prudential Financial in Newark, New Jersey.
The gains came a day after U.S. stocks' biggest percentage
drop of the year and a sharp fall in the Chinese
currency. China's move to fix the yuan at a slightly stronger rate and
White House economic adviser Larry Kudlow's comment that
President Donald Trump was planning to host a Chinese delegation
for talks in September allayed fears of a further escalation in
the trade war. The S&P technology index .SPLRCT , which includes companies
that have a big exposure to China and were at the heart of
Monday's sell-off, provided the biggest boost to the S&P index,
rising 1.61%.
The Dow Jones Industrial Average .DJI rose 311.78 points,
or 1.21%, to 26,029.52, the S&P 500 .SPX gained 37.03 points,
or 1.30%, to 2,881.77 and the Nasdaq Composite .IXIC added
107.23 points, or 1.39%, to 7,833.27.
The S&P 500 .SPX and Nasdaq .IXIC each snapped a six-day
losing streak. Stocks had been reeling from last week's shock
when Trump vowed to slap a 10% tariff on a further $300 billion
in imports from China.
After the bell, shares of Walt Disney DIS.N fell 2.6%
following the release of its quarterly results.
During the regular session, Apple Inc AAPL.O gained 1.9%
after recent heavy losses, while the Philadelphia Semiconductor
index .SOX edged 1.28% higher.
Among other stocks, Take-Two Interactive Software Inc
TTWO.O jumped 8.0% after the videogame publisher raised its
full-year revenue forecast. Advancing issues outnumbered declining ones on the NYSE by a
2.17-to-1 ratio; on Nasdaq, a 1.85-to-1 ratio favored advancers.
The S&P 500 posted five new 52-week highs and 24 new lows;
the Nasdaq Composite recorded 21 new highs and 198 new lows.
Volume on U.S. exchanges was 7.93 billion shares, compared
with the 6.91 billion average for the full session over the last
20 trading days