U.S. stocks turn positive for the year

Tuesday’s rise put the Dow Jones in the black after a rough start to the year.

U.S. stocks turned positive for the year Tuesday as the market rebounded following two-straight days of losses because of economic uncertainty and concerns about Europe. The Dow Jones Industrial Average gained nearly 140 points, or 0.8%, to finish at 17,869. The blue-chip index received help from Coca-Cola’s KO 2.84% earnings report, which beat Wall Street estimates and boosted the beverage-maker’s stock by 2.8%. The Dow is now about 45 points in the black for 2015 after dropping more than 3% during January before erasing most of those losses with a two-week rally that ended last week.
The S&P 500 and the Nasdaq composite gained 1% and 1.3%, respectively, on Tuesday. Both indices also turned positive for the year during the day’s trading.
U.S. investors Tuesday shrugged off concerns that Greece’s government would not reach a debt agreement with European leaders and potentially pull out of the European Union. They showed a little more optimism that they two sides could reach a deal in Brussels, where Greece’s finance minister is expected to introduce new economic reform proposals to a group of Eurozone leaders Wednesday.
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