S&P 500 index rallied on Tuesday lifted by more optimistic global growth forecasts from IMF and Spain bond auction results. US index gained 1.55% or 21.21 points and closed at 1,390.78. First Solar rocketed 10.3% on news its will eliminate 2000 jobs through 2012 and cut production output. Apple recovered and surged 5.1% ahead of its quarterly results due next week. Regional lender Comerica advanced 3.5% as improving credit conditions curbed bank's loan losses and allowed it to spur lending On the downside Whirlpool tumbled 4.3%.