Hopes that Beijing will act this week to stimulate China's economy and an improvement in a measure of Chinese manufacturing sentiment helped lift a variety of industrial stocks in the U.S. on Wednesday.

Shares of construction equipment maker

Caterpillar

(CAT) - Get Report

, for example, were surging 12.5% to $25.28, outpacing a broader rally that saw the Dow rise 2.2%.

CNH Global

(CNH)

shares were up 5.5% to $6.50, and

Kubota

(KUB)

was up 7.3% to $25.18.

Aluminum concern

Alcoa

(AA) - Get Report

, meanwhile, was rising 11.4% to $6.16, miner

Freeport-McMoRan

(FCX) - Get Report

was up 13.9% to $32.25, and mining equipment maker

Joy Global

(JOYG)

was up 10.6% to $17.53

Rio Tinto

(RTP)

, which mines and processes mineral resources, also got a hearty boost Wednesday. Its shares were recently up 11.2% to $103.08. In a similar vein,

BHP Billiton

(BHP) - Get Report

was climbing 8% to $37.85.

Elsewhere:

U.S. Steel was up 6.4% to $18.31.

Nucor was up 6.8% to $34.31.

Commercial Metals was up 7.9% to $10.25.