* Talk of help for Greece boosts sentiment
* Caterpillar rises after upgrade from Morgan Stanley
* Dow up 1.3 pct, S&P up 1.2 pct, Nasdaq up 1 pct
* For up-to-the-minute market news, click [STXNEWS/US]
(Updates to midmorning)
By Leah Schnurr
NEW YORK, Feb 9 (Reuters) - U.S. stocks rose broadly on
Tuesday with Caterpillar Inc and other industrial shares
benefiting from a broker upgrade and talk of help for
debt-burdened Greece reviving investor sentiment.
Dow component Coca-Cola Co <KO.N> rose 3.9 percent to
$54.72 after it reported in-line quarterly profit as volume
improved. But Electronic Arts Inc <ERTS.O> slid 8.6 percent to
$15.98 and weighed on the Nasdaq after it warned fiscal 2011
earnings would miss expectations. For details, see
[ID:nN09135554] [ID:nN05170474]
Speculation Greece could get help from the European Union
underpinned the rise in stocks, boosting commodity prices and
resource shares as the U.S. dollar weakened. Concerns over
rising debt in some euro zone countries has sapped confidence
from equity markets of late.
"Rumors are swirling that (the European Union) is going to
cause the Greek debt holders to take a haircut on some of their
prices and shore up Greece," said Jeffrey Saut, Raymond James
Financial chief investment strategist in St. Petersburg,
Florida.
European Central Bank President Jean-Claude Trichet was
leaving a meeting of central bankers in Sydney early to attend
a European Union leaders' summit. Even so, two ECB policymakers
reiterated that Greece must get its own house in order as the
European Central Bank cannot bail it out. [ID:nLDE6181VT]
The Dow Jones industrial average <.DJI> gained 130.90
points, or 1.32 percent, to 10,039.29. The Standard & Poor's
500 Index <.SPX> rose 12.40 points, or 1.17 percent, to
1,069.14. The Nasdaq Composite Index <.IXIC> was up 21.81
points, or 1.03 percent, at 2,147.86.
Morgan Stanley raised its rating on the industrial sector
to "attractive" from "in-line," saying the companies' share
prices should catch up to an improving business environment.
Caterpillar Inc <CAT.N> gained 5.3 percent to $53.45.
[ID:nSGE6180GO]
(Additional reporting by Rodrigo Campos; Editing by Padraic
Cassidy)