SAN FRANCISCO (MarketWatch)
U.S. stocks advanced 1% Tuesday after polls showed more Greeks wanted to remain in the euro zone and a combination of weak global data and recent reports on China suggested more monetary stimulus was on the way
The Dow Jones Industrial Average gained 125.86 points, or 1%, to 12,580.69, led by a 4% rise in Bank of America Corp. shares
Caterpillar Inc. contributed the most in point gains
The S&P 500 rose 14.60 points, or 1.1%, to 1,332.42
Materials and tech led sector gains; all 10 S&P 500 groups were higher
The Nasdaq Composite added 33.46 points, or 1.2%, to 2,870.99
"Weak economic data supports more global stimulus coming, and [that expectation] supports the market," said Nick Raich, director of research at Key Private Bank
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