US stocks advanced broadly on Tuesday as optimism grew over an upcoming confidence vote by the Greek parliament, a key hurdle for the country to avoid a debt default. Sales of existing US homes fell 3.8 percent in May, less than some economists had feared, boosting investor appetite for equities for a second straight day.
The Dow Jones industrial average jumped 104.33 points, or 0.86 percent, at 12,184.71. The Standard & Poor's 500 Index was up 16.33 points, or 1.28 percent, at 1,294.69. The Nasdaq Composite Index put on 49.47 points, or 1.88 percent, at 2,679.13. Gains in the Nasdaq were aided by large-cap technology companies. US-traded shares of Research In Motion Ltd rose 5.3 percent to $27.25 after falling about 7 percent on Monday. A second marketing executive defected to a competitor, highlighting the difficulties in keeping pace with rivals. Apple Inc rose 2.5 percent to $323.27.
Comments
Comments are closed for this article.