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February 27, 2013 1:42 AM EST

Stocks rose on Tuesday, rebounding from the previous session's steep drop over Italian election results as investors bought beaten-down shares.

The Dow Jones industrial average <.DJI> was up 60.43 points, or 0.44 percent, at 13,844.60. The Standard & Poor's 500 Index <.SPX> was up 6.19 points, or 0.42 percent, at 1,494.04. The Nasdaq Composite Index <.IXIC> was up 10.99 points, or 0.35 percent, at 3,127.24.

(Reporting By Angela Moon; Editing by Kenneth Barry)

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