RTRS: Wall St extends gains; Nasdaq, S&P rise 1 pct
U.S. stocks rose on Tuesday after Washington expanded its bailout of the auto industry, boosting hopes about the government's ability to limit the severity of the year-long recession.
* "The bulls believe the amount of cash on the sidelines will start to come back into the market in the new year as portfolios are reallocated more towards equities and out of cash, which is earning nothing," said Tim Ghriskey, chief investment officer of Solaris Asset Management in Bedford Hills, New York.
* The Dow Jones industrial average .DJI rose 72.72 points, or 0.86 percent, to 8,556.65. The Standard & Poor's 500 Index .SPX added 8.67 points, or 1.00 percent, to 878.09. The Nasdaq Composite Index .IXIC gained 17.45 points, or 1.16 percent, to 1,527.77.
