NEW YORK (TheStreet) -- After wavering in and out of positive territory Tuesday, stocks took a firm jump into the green less than an hour into the closing bell, popping on a report that China is injecting large-scale stimulus to its top banks. Stocks broke out of their narrow trading range after a Sina.com report said the People's Bank of China is using its standing lending-facility to boost liquidity in the country's five biggest banks by 500 billion yuan ($81 billion).a Read More: Why the Fed Should Hold Off Signaling Higher Rates for Now "China's reaction minimized the concerns about the global impact of a slowing China," said Jim Dunigan, chief investment officer at PNC Wealth Management. Stocks also got a boost afteraTheaWall Street Journal's Jon Hilsenrath reported that the Federal Reserve may be keeping its "considerable time" wording on near-zero interest rates in Wednesday's policy projections. The Dow Jones Industrial Average rose 0.68% and the S&P 500 increased 0.84% to overa2,000.