Stocks held gains on Tuesday after the Federal Reserve repeated its commitment to purchase $600 billion in bonds as it aims to keep borrowing rates low to boost the recovery.

The Dow Jones industrial average <.DJI> gained 72.92 points, or 0.64 percent, to 11,501.48. The Standard & Poor's 500 <.SPX> added 5.31 points, or 0.43 percent, to 1,245.77. The Nasdaq Composite <.IXIC> rose 9.77 points, or 0.37 percent, to 2,634.68.

(Reporting by Edward Krudy; editing by Jeffrey Benkoe)