U.S. stocks up for third day on recovery optimism

NEW YORK (MarketWatch)
U.S. stocks on Tuesday rose for a third day, with the S&P 500 index finishing above 1,400 and the Nasdaq Composite above 3,000 for the first time since early May
 "This is starting to look like it might be a normal recovery, and investors are slowly starting to see it that way," said Hugh Johnson, chairman of Hugh Johnson Advisors
But with the S&P 500 up roughly 9% since June 1, "the market seems stronger than the forecast for the economy and earnings justify," said Johnson, who adds: "I think we'll keep going up, but with plenty of stops along the way."
The Dow Jones Industrial Average added 51.09 points, or 0.4%, to 13,168.60
The S&P 500 index rose 7.12 points, or 0.5%, to 1,401.35
The Nasdaq Composite advanced 25.95 points, or 0.9%, to 3,015.86