Stocks Rise in U.S., Europe

That nothing bad happened was enough to send stocks shooting upward Tuesday in the US and Europe. The Dow Jones rose about 1.5 percent in afternoon trading, followed by similar gains in the S&P 500 and Nasdaq. Apple’s stock, which had hit a bit of a slump, saw a 4 percent recovery. Apart from the lack of disasters Monday, the market was reacting to a sale of Spanish government debt that was well-received by concerned investors. Analysts also pointed to encouraging first-quarter earnings reports as a catalyst for the day of buying on the markets.