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.
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