US stocks rally for 3rd straight day


08/08/2012 04:20 AST  Business Times

US stocks rallied for a third straight day Tuesday, buoyed by hopes for more stimulus from the Federal Reserve and the European Central Bank to boost weak economies.

The Dow Jones Industrial Average finished at 13,168.60, up 51.09 points, or 0.39 per cent.

The tech-rich Nasdaq gained 25.95 (0.87 per cent) at 3,015.86, while the S&P 500-stock index rose 7.12 (0.51 per cent) to 1,401.35, pushing both indices above the key levels of 3,000 and 1,400, respectively.

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