Stocks closed higher Tuesday, extending their gains for a second session as investors grew more optimistic about first-quarter earnings and a much-anticipated jobs report due at the end of the week.
Analysts attributed the day's advance to a steady stream of upbeat earnings outlooks, many of which promised better-than-expected results when quarterly reports start coming out next week. But lighter volume betrayed the nervousness many investors are feeling ahead of Friday's report on the number of new jobs created in March.
The Dow Jones industrial average rose 52.07, or 0.5 percent, to 10,381.70.
The Standard & Poor's 500 index was up 4.53, or 0.4 percent, at 1,127.00.
The Nasdaq composite index gained 8.06, or 0.4 percent, to 2,000.63.
So far this week:
The Dow is up 168.73, or 1.7 percent; the S&P 500 has added 18.94, or 1.7 percent, and the Nasdaq has gained 40.61, or 2.1 percent.
Where the indexes stand compared with Oct. 9, 2002, when the Dow, S&P and Nasdaq hit five- and six-year lows, the depths of the bear market:
The Dow is 3,095.43, or 42.5 percent, above its five-year low of 7,286.27.
The S&P is 350.24, or 45.1 percent, above its six-year low of 776.76.
The Nasdaq is 886.52, or 79.6 percent, above its six-year low of 1,114.11.
Where the indexes stand compared with their all-time highs, reached in early 2000:
The Dow is 1,341.28, or 11.4 percent, below its peak of 11,722.98 on Jan. 14, 2000.
The S&P is 400.46, or 26.2 percent, below its peak of 1,527.46 on March 24, 2000.
The Nasdaq is 3,047.99, or 60.4 percent, below its peak of 5,048.62 on March 10, 2000.
So far in 2004:
The Dow is down 72.22, or 0.7 percent.
The S&P is up 15.08, or 1.4 percent.
The Nasdaq is down 2.74, or 0.1 percent.
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