US STOCKS SNAPSHOT-Wall St ends higher after strong Dec retail sales

NEW YORK Tue Jan 14, 2014 4:02pm EST

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NEW YORK Jan 14 (Reuters) - U.S. stocks rose on Tuesday, erasing much of the previous session's steep drop, as a strong December retail sales reading eased concerns about a slowdown in earnings and the economy.

Based on the latest available data, the Dow Jones industrial average rose 115.47 points or 0.71 percent, to 16,373.41, the S&P 500 gained 19.55 points or 1.07 percent, to 1,838.75 and the Nasdaq Composite added 69.712 points or 1.69 percent, to 4,183.016.

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