U.S. stocks extended earlier gains in choppy trade on Tuesday, pushing the Dow and the S&P 500 up 1 percent as upbeat broker comments on technology bellwether Cisco Systems and retailers like Home Depot offset news of a dividend cut at Alcoa Inc .

U.S. oil futures prices jumped 2 percent above $48 a barrel, driving Exxon Mobil stock up 1.8 percent to $68.17. Exxon was the Dow's top advancer.

The Nasdaq reached a session high, helped by Apple stock, which gained 2.9 percent to $98.10.

The Dow Jones industrial average <.DJI> gained 73.51 points, or 1.02 percent, to 7,290.48. The Standard & Poor's 500 Index <.SPX> climbed 10.11 points, or 1.34 percent, to 764.00. The Nasdaq Composite Index <.IXIC> rose 25.56 points, or 1.82 percent, to 1,429.58.

(Reporting by Deepa Seetharaman; Editing by Jan Paschal)