Stocks Rebound Sharply; S&P 500, Nasdaq Rise Over 1%

Tickers in this article: ADM BBRY BIDU BP DELL DIS EXPE JCP K MHP OPXA VMED YUM ZNGA ^DJI ^GSPC ^IXIC

Dell( DELL ) shares were up 1.1% on Tuesday. After weeks of rumors and speculation, Dell said founder and CEO Michael Dell and Silver Lake Partners are acquiring the company in a $24.4 billion deal .

BlackBerry ( BBRY ) shares jumped 6.9%. The stock was upgraded to "outperform" from "market perform" at Bernstein at the beginning of the week.

-- Written by Andrea Tse and Joe Deaux in New York.

>To contact the writer of this article, click here: Andrea Tse .