December 1, 2009 / 9:15 PM / in 8 years

US STOCKS-Dow hits 14-month closing high on recovery bets

NEW YORK, Dec 1 (Reuters) - U.S. stocks rose on Tuesday, sending the Dow Jones industrial average to its highest close in 14 months, as a weak dollar boosted natural resource companies’ shares and housing data reassured investors about the recovery.

* Diminishing concern about the impact of Dubai’s debt woes also aided sentiment on the first day of December.

* The Dow Jones industrial average .DJI gained 126.74 points, or 1.23 percent, to end unofficially at 10,471.58. The Standard & Poor’s 500 Index .SPX rose 13.23 points, or 1.21 percent, to finish unofficially at 1,108.86. The Nasdaq Composite Index .IXIC advanced 31.21 points, or 1.46 percent, to close unofficially at 2,175.81. (Reporting by Ellis Mnyandu; Editing by Jan Paschal) ((Ellis.Mnyandu@thomsonreuters.com; +1 646 223 6085;

Reuters Messaging:ellis.mnyandu.reuters.com@reuters.net)) ((Multimedia versions of Reuters Top News are now available for: * 3000 Xtra: visit topnews.session.rservices.com * BridgeStation: view story .134 For more information on Top News: topnews.reuters.com))

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