By The Associated Press
Stocks staged one of their strongest rallies of the year Tuesday, erasing a big decline from the day before, after a Federal Reserve official said he supported more measures to stimulate the economy.
The Dow Jones industrial average rose 162.57 points, or 1.3 percent, to 12,573.80.
The Standard & Poor's 500 rose 15.25 points, or 1.2 percent, to 1,324.18.
The Nasdaq composite index rose 33.34 points, or 1.2 percent, to 2,843.07.
For the week:
The Dow is up 19.60 points, or 0.2 percent.
The S&P 500 is down 1.48 points, or 0.1 percent.
The Nasdaq is down 15.35 points, or 0.5 percent.
For the year:
The Dow is up 356.24 points, or 2.9 percent.
The S&P 500 is up 66.58 points, or 5.3 percent.
The Nasdaq is up 237.92 points, or 9.1 percent.
Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.