Stocks open up as Alcoa outlook boosts commodities (Reuters)

NEW YORK (Reuters) ? Stocks rose on Tuesday after a bullish Alcoa forecast and encouraging Chinese trade data boosted the outlook for the commodities sector, signaling a stronger global economy.

The Dow Jones industrial average (.DJI) was up 107.81 points, or 0.87 percent, at 12,500.50. The Standard & Poor's 500 Index (.SPX) rose 12.10 points, or 0.94 percent, at 1,292.80. The Nasdaq Composite Index (.IXIC) added 27.56 points, or 1.03 percent, at 2,704.12.

The S&P hit its highest intraday since August 1, 2011.

(Reporting By Angela Moon; editing by Jeffrey Benkoe)

Source: http://us.rd.yahoo.com/dailynews/rss/business/*http%3A//news.yahoo.com/s/nm/20120110/bs_nm/us_markets_stocks

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