By Kate Gibson, MarketWatch
NEW YORK (MarketWatch) — U.S. stocks opened higher on Tuesday after European officials moved to bolster Spanish banks and after upbeat factory data from Britain and Italy.
“While the market’s mood will continue to fluctuate, we suspect that European authorities will continue to do what it takes to limit European contagion to manageable levels,” Nick Bennenbroek, head of currency strategy at Wells Fargo Bank, wrote in emailed research.
The Dow Jones Industrial Average DJIA -0.16% rose 63.99 points, or 0.5%, to 12,800.28.
The S&P 500 index SPX -0.23% added 7.5 points, or 0.6%, to 1,359.96.
The Nasdaq Composite COMP -0.56% climbed 17.95 points, or 0.6%, to 2,949.72.
For every stock sliding more than two gained on the New York Stock Exchange, where 83 million shares traded as of 9:55 a.m. Eastern.
Kate Gibson is a reporter for MarketWatch, based in New York.
