U.S. stocks advanced for the third straight session Tuesday, though finished off their highs of the day, as investors focused on the possibility European policy makers could super-charge their sovereign bailout fund.
The Dow Jones Industrial Average ended up 146.83 points, or 1.3%, at 11,190.69, led by a 3.9% rise in Hewlett-Packard Co.
At its peak, the Dow had risen more than 300 points.
The S&P 500 ended up 12.43 points, or 1.1%, at 1,175.38, led by natural resource and materials stocks.
Utilities and financial sectors lagged.
The Nasdaq Composite rose 30.14 points, or 1.2%, to 2,546.83.
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