U.S. stocks edged higher on Tuesday, the one-year anniversary of the market lows reached in the recession, helped by gains in industrial shares as optimism about the recovery remained intact.
Airline and transport stocks rose after UAL Corp's
United Technologies Corp
On the downside, Cisco Systems Inc
I'm still bullish on the market for intermediate term, said Chris Burba, short-term market technician at Standard & Poor's in New York.
Demand is strong at the moment, he said.
The Dow Jones industrial average <.DJI> gained 29.32 points, or 0.28 percent, at 10,581.84. The Standard & Poor's 500 Index <.SPX> rose 3.84 points, or 0.34 percent, at 1,142.34. The Nasdaq Composite Index <.IXIC> was up 11.54 points, or 0.49 percent, at 2,343.75.
Also lower was Texas Instruments Inc
One year ago, Wall Street hit a more than 12-year low in the wake of the financial crisis. The S&P 500 is up 68 percent since then, as economic and earnings reports repeatedly pointed to signs the economy was strengthening.
(Reporting by Caroline Valetkevitch; editing by Jeffrey Benkoe)