Stocks extended gains on Tuesday, with the S&P 500 and the Nasdaq rising more than 2 percent.

The Dow Jones industrial average <.DJI> was up 197.39 points, or 1.82 percent, at 11,052.04. The Standard & Poor's 500 Index <.SPX> was up 22.51 points, or 2.00 percent, at 1,146.33. The Nasdaq Composite Index <.IXIC> was up 53.32 points, or 2.27 percent, at 2,398.70.

(Reporting by Angela Moon, Editing by Kenneth Barry)