US stocks rose higher yesterday as buyers returned to equities after a week of heavy selling on the double uncertainties of the undecided presidential election and the outlook for Corporate America's profit growth.
The technology-packed Nasdaq Composite Index posted its 10th largest percent gain ever, shooting back up through the key 3,000 level, a point it had fallen through on Monday for the first time in more than a year.
The Nasdaq rose 171.55 points to 3,138.27, according to the latest data. The blue-chip Dow Jones industrial average also pushed higher, rising 163.81 points to 10,681.06.
The broader Standard & Poor's 500 Index added 31.69 points to close at 1,382.95.
Solid earnings from market giants like Wal-Mart Stores, the world's largest retailer, and British telecom heavyweight Vodafone Group spurred a rally in both high-tech and blue-chip shares, which had been beaten down to relative bargains.
