Wall Street rises 1 percent
May 29th, 2012 by admin

(Reuters) – Stocks rose more than 1 percent on Tuesday on hopes China may unleash more spending measures and Greek election polls pointing to support for pro-bailout parties.

The Dow Jones industrial average .DJI gained 134.71 points, or 1.08 percent, to 12,589.54. The Standard & Poor’s 500 Index .SPX rose 14.15 points, or 1.07 percent, to 1,331.97. The Nasdaq Composite Index .IXIC added 33.97 points, or 1.20 percent, to 2,871.50.

(Reporting By Edward Krudy, editing by Dave Zimmerman)