US stocks rose broadly on Tuesday, with the Dow on track for its largest daily percentage advance since July, on reports eurozone countries will come to the aid of debt-stricken Greece. A senior German ruling coalition source said eurozone governments have decided in principle to help Greece and that various options were being considered.
"I would see that as good news (for the stock market), knowing that there's a backer there, that those nations will be able to back up the (Greek) debt," said John O'Brien, senior vice president at MKM Partners LLC in Cleveland. The Dow Jones industrial average rose 205.64 points, or 2.08 percent, to 10,114.03. The Standard & Poor's 500 Index added 20.05 points, or 1.90 percent, to 1,076.79.
The Nasdaq Composite Index gained 35.34 points, or 1.66 percent, to 2,161.39. newspaper also reported, citing German coalition sources. The stock market also gained from earnings and brokerage upgrades. Caterpillar Inc shares jumped 6.1 percent to $53.88, making it the biggest gainer on the blue chip index.
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