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Dow hits session highs



    NEW YORK (Reuters) - Stocks rose to session highs on Wednesday as investors shrugged off a downgrade of Portugal's debt and an interest-rate hike in China.

    The Dow Jones industrial average gained 71.59 points, or 0.57 percent, to 12,641.46. The Standard & Poor's 500 Index gained 2.80 points, or 0.21 percent, to 1,340.68. The Nasdaq Composite Index gained 12.39 points, or 0.44 percent, to 2,838.16.

    (Reporting by Edward Krudy; Editing by Jan Paschal)