U.S. stocks rose on Tuesday, sending the Dow Jones industrial average to its highest close in 14 months, as a weak dollar boosted natural resource companies' shares and housing data reassured investors about the recovery.
Diminishing concern about the impact of Dubai's debt woes also aided sentiment on the first day of December.
The Dow Jones industrial average <.DJI> gained 126.74 points, or 1.23 percent, to end unofficially at 10,471.58. The Standard & Poor's 500 Index <.SPX> rose 13.23 points, or 1.21 percent, to finish unofficially at 1,108.86. The Nasdaq Composite Index <.IXIC> advanced 31.21 points, or 1.46 percent, to close unofficially at 2,175.81.
(Reporting by Ellis Mnyandu; Editing by Jan Paschal)