NEW YORK — US stocks rose moderately Tuesday, lifted by gains overseas and as investors hoped that emergency government measures will pull the global economy out of recession.
The Dow Jones Industrial Average climbed 61.73 points (0.69 percent) to 9,014.62 at the closing bell, as the market posted its fourth gain in the past five sessions.
The technology-heavy Nasdaq advanced 24.35 points (1.50 percent) to 1,652.38 and the broad-market Standard & Poor's 500 index added 6.97 points (0.75 percent) to a preliminary close of 934.42.
The market shook off weak data on pending home sales, factory orders and service sector activity, apparently looking ahead to an economic recovery.
"Investors believe that stock prices already reflect weak economic growth and that a large stimulus package will revive the US economy," said Chris Lafakis at Moody's Economy.com.
Al Goldman at Wachovia Securities noted that the market "continues to look forward to benefits of a government stimulus package."