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S&P 500 gains more than 1 percent

NEW YORK (Reuters) - The S&P 500 rose more than 1 percent on Tuesday as stronger-than-expected earnings helped the outlook for profit growth while the Nasdaq also traded more than 1 percent higher.

The Dow Jones industrial average <.DJI> was up 121.55 points, or 0.88 percent, at 14,001.63. The Standard & Poor's 500 Index <.SPX> was up 16.25 points, or 1.09 percent, at 1,511.96. The Nasdaq Composite Index <.IXIC> was up 38.08 points, or 1.22 percent, at 3,169.25.

(Reporting By Caroline Valetkevitch; Editing by Chizu Nomiyama)

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