NEW YORK (CNNMoney) -- U.S. stocks rallied late Tuesday to close sharply higher on news that most of the nation's largest banks have passed the government's latest test of their financial health.
The Dow Jones Industrial average (INDU) rose 218 points, or 1.8%, to close at 13,177. It was the highest close since Dec. 31, 2007, when Dow closed at 13,264.82.
The S&P 500 (SPX) added 25 points, or 1.8%, to 1,396.
The Nasdaq (COMP) jumped 56 points, or 1.9%, to 3,040. It was the highest closing level since Nov. 15, 2000.
Stock rally into the close, Dow gains 218 points - Mar. 13, 2012
The Dow Jones Industrial average (INDU) rose 218 points, or 1.8%, to close at 13,177. It was the highest close since Dec. 31, 2007, when Dow closed at 13,264.82.
The S&P 500 (SPX) added 25 points, or 1.8%, to 1,396.
The Nasdaq (COMP) jumped 56 points, or 1.9%, to 3,040. It was the highest closing level since Nov. 15, 2000.
Stock rally into the close, Dow gains 218 points - Mar. 13, 2012