Stocks rose 1 percent on Tuesday after industrial bellwether United Technologies Corp posted results that beat expectations and bank shares rebounded.

The KBW bank index <.BKX> rose 2.5 percent.

The Dow Jones industrial average <.DJI> gained 63.71 points, or 0.81 percent, to 7,905.44. The Standard & Poor's 500 Index <.SPX> rose 8.42 points, or 1.01 percent, to 840.81. The Nasdaq Composite Index <.IXIC> added 21.33 points, or 1.33 percent, to 1,629.54.

(Reporting by Rodrigo Campos; editing by Jeffrey Benkoe)