Banks and technology shares led the S&P 500 and the Nasdaq more than 1 percent higher on Tuesday as U.S. retail sales exceeded expectations last month and concerns eased about the euro zone's crisis.

The Dow Jones industrial average <.DJI> rose 118.97 points, or 0.92 percent, to 13,078.68. The S&P 500 Index <.SPX> gained 13.21 points, or 0.96 percent, to 1,384.30. The Nasdaq Composite <.IXIC> added 32.15 points, or 1.08 percent, to 3,015.81.

The S&P 500 climbed to 1,384.75, it highest intraday level since June 2008, and the Nasdaq hit 3,017.42, its highest mark since December 2000.

(Reporting by Rodrigo Campos; Editing by Jan Paschal)