US stocks rose more than 1 percent on Tuesday, primed by a market that was oversold on a technical basis and better-than-expected retail sales data that helped trigger a relief rally. The move put the S&P 500 on track for its best daily percentage gain since mid-March, though analysts said the market's recent weakness could be far from finished.
The Dow Jones industrial average was up 142.70 points, or 1.19 percent, at 12,095.67. The Standard & Poor's 500 Index was up 18.06 points, or 1.42 percent, at 1,289.89. The Nasdaq Composite Index was up 40.99 points, or 1.55 percent, at 2,680.68. Expectations for further selling this summer remained high among some investors. Many investors are eyeing a retreat in the S&P 500 to its March low near the 1,250 level. The index closed flat on Monday after hitting a near three-month low last Friday.
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