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Wall Street extends rally, S&P 500 up one percent


    NEW YORK (Reuters) - Stocks extended gains, with the S&P 500 up 1 percent on Tuesday, as solid earnings from such bellwethers as Goldman Sachs and Johnson & Johnson eased recent concerns that the sluggish global economy would dent third-quarter results.

    The Dow Jones industrial average gained 120.42 points, or 0.90 percent, to 13,544.65. The Standard & Poor's 500 Index rose 15.18 points, or 1.05 percent, to 1,455.31. The Nasdaq Composite Index advanced 37.10 points, or 1.21 percent, to 3,101.29.

    (Reporting by Chuck Mikolajczak; Editing by Jan Paschal)