US stocks rose on Tuesday, as investors found reasons to buy equities after government reports showed stronger June consumer spending and solid earnings at US companies helped drive the Nasdaq to a four-year high.
Shares of top US cable operator Comcast Corp and chipmaker Maxim Integrated Products Inc rose after the companies reported stronger quarterly earnings, propelling the Nasdaq up as high as 2,215.96, its highest level since 2001.
The Dow Jones industrial average was up 60 points, or 0.56 percent, at 10,682.86. The Standard & Poor's 500 Index was up 7.11 points, or 0.58 percent, at 1,242.46. The technology-laced Nasdaq Composite Index was up 17.44 points, or 0.79 percent, at 2,212.82.
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