Stocks rose on Tuesday as investors bought shares beaten down after last week's dismal jobs report, but investors were cautious before comments from Federal Reserve officials on the economy and interest rates. Networking company Cisco Systems Corp. was a boost to the technology-packed Nasdaq and the broader market before it reports earnings scheduled for after the market's close. EchoStar Communications Corp. helped the Nasdaq after reporting better subscriber growth for its satellite television service than some analysts had predicted. The company authorized a new $1 billion stock repurchase plan. All the market indexes were higher as investors anticipated the Fed announcement. "Just based on valuation, I'm not at all surprised to see some recovery," said Hugh Johnson, chief investment officer at First Albany Corp. "It's clear that the response to (last week's) employment data was overdone." The Dow Jones industrial average added 33.33 points, or 0.34 percent, to 9,847.99. The broader Standard & Poor's 500 Index gained 3.2 points, or 0.3 percent, to 1,068.42. The technology-laced Nasdaq Composite Index was up 8.29 points, or 0.47 percent, at 1,782.93. --More 1806 Local Time 1506 GMT
