Stocks rose more than one percent on Tuesday as investors saw Italian Premier Silvio Berlusconi's offer to step down as helping to find a solution to the credit crisis in the Eurozone.

The Dow Jones industrial average <.DJI> gained 87.94 points, or 0.73 percent, to 12,156.33. The Standard & Poor's 500 Index <.SPX> gained 12.83 points, or 1.02 percent, to 1,273.95. The Nasdaq Composite Index <.IXIC> gained 29.55 points, or 1.10 percent, to 2,724.80.

(Editing by Kenneth Barry)