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Wall Street rallies tracking oil, car sales

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Reuters NEW YORK

NEW YORK (Reuters) - U.S. stocks rose more than 1 percent on Tuesday, led by gains in energy shares as oil prices extended their recent rally, while higher-than-expected January car sales also bolstered the advance.

The Dow Jones industrial average rose 304.98 points, or 1.76 percent, to 17,666.02, the S&P 500 gained 29.09 points, or 1.44 percent, to 2,049.94 and the Nasdaq Composite added 51.05 points, or 1.09 percent, to 4,727.74.

(Reporting by Caroline Valetkevitch; Editing by Nick Zieminski)

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First Published: Feb 04 2015 | 2:48 AM IST

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