Stocks stormed higher Tuesday after promising signals about the profitability of U.S. companies and a strong debt auction by Spain. The Dow Jones industrial average rose for the fourth day in five and posted its biggest gain in a month.
European stocks had their best day in four months after Spain, the latest flashpoint in the European debt crisis, attracted strong investor interest at an auction of two-year debt.
The Dow Jones industrial average closed up 194.13 points, or 1.5 percent, at 13,115.54.
The S&P 500 gained 21.21 points, or 1.6 percent, to 1,390.78.
The Nasdaq composite index soared 54.42 points, or 1.8 percent, to 3,042.82.
For the week so far:
The Dow is up 265.95 points, or 2.1 percent.
The S&P 500 is up 20.52, or 1.5 percent.
The Nasdaq is up 31.49, or 1.1 percent.
For the year so far:
The Dow is up 897.98 points, or 7.4 percent.
The S&P 500 is up 133.18 points, or 10.6 percent.
The Nasdaq is up 437.67, or 16.8 percent.
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