NEW YORK (TheStreet) -- U.S. stocks advanced more than 1% Tuesday amid positive headlines out of Greece and China, even as the euro fell on worries about a deepening debt crisis across the pond.
Investors cheered new opinion polls that showed a shift in favor of austerity measures in Greece, boosting optimism that the country will remain in the euro zone. There was also some excitement about fresh stimulus measures from the Chinese government, news that led Asian stock markets higher.
Mixed economic data in the U.S. and another cut to Spain's credit rating from Egan Jones attempted to keep gains in check mid-session, but stocks still managed to close on a high note.
The Dow Jones Industrial Average gained 125 points, or 1%, to close at 12,580. The blue-chip index had run as high as 12,611.The S&P 500 gained 15 points, or 1.1%, to finish at 1332. The Nasdaq rose 3 points, or 1.1%, to settle at 2871.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV