Stocks rise ever so close to one-year highs

Dan Burrows
Updated

Stocks posted broad-based gains Tuesday, pushing major indexes oh-so-close to notching one-year highs. A falling dollar, higher oil prices and some key analyst upgrades helped fuel the buying.

The Dow Jones Industrial Average ($DJI) rose 51 points, or 0.5 percent, to close at 9,830, while the broader S&P 500 ($INX) added seven points, or 0.7 percent, to 1,072. The tech-heavy Nasdaq Composite ($COMPX) rose eight points to finish at 2,146.

The dollar fell to a one-year low against the euro, boosting shares of energy and commodity stocks. Blue chip ExxonMobil (XOM) added 0.4 percent, while fellow Dow component Caterpillar (CAT) rallied 3.6 percent.

For more on stocks making moves today, be sure to check out BloggingStocks' market wrap up.

Advertisement