NEW YORK |
Tue Aug 7, 2012 11:50am EDT

NEW YORK (Reuters) – Stocks extended gains on Tuesday, with the Nasdaq climbing more than 1 percent, on expectations the European Central Bank will take action soon to combat the euro zone’s debt crisis.

The Dow Jones industrial average .DJI rose 83.52 points, or 0.64 percent, to 13,201.03. The Standard Poor’s 500 Index .SPX climbed 11.16 points, or 0.80 percent, to 1,405.39. The Nasdaq Composite Index .IXIC gained 31.31 points, or 1.05 percent, to 3,021.22.

(Reporting by Chuck Mikolajczak, editing by Dave Zimmerman)

Article source: http://feeds.reuters.com/~r/reuters/businessNews/~3/z1P3LoOkj-w/us-markets-stocks-idUSBRE86M08N20120807