NEW YORK — Stocks rose sharply Tuesday as better-than-expected corporate results lifted the mood on Wall Street and gave investors hope that the market’s sluggish start to 2005 might soon turn around.
The Dow logged its best percentage gain since Dec. 21.
Based on the latest available data, the Dow Jones industrial average (search) was up 92.51 points, or 0.89 percent, at 10,461.12 and the Standard & Poor’s 500 Index (search) was up 4.86 points, or 0.42 percent, at 1,168.61. The Nasdaq Composite Index (search) advanced 11.58 points, or 0.58 percent, at 2,020.28.
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