U.S. stocks bounced back on Tuesday from Monday's pullback, bringing the Dow Jones Industrial Average index to a new all-time intraday high, bolstered by strong gains in health insurance companies.

The main stock indices opened higher, following a rally in the European stock market as worries about Cypriot situation eased. Some European stock exchanges closed on Easter Monday.

The Dow moved higher, boosted by leaping shares of health insurers which benefited from the Medicare Advantage rate revise announced by federal government on Monday.

On the economic front, new orders for U.S. manufactured goods in February increased 3.0 percent, following a dip of 1.0 percent in the previous month, the Commerce Department reported Tuesday.

In corporate news, shares of Ford and General Motors advanced after posting increasing auto sales.

Shares of both Verizon and AT&T rose after the two telecom giants have been reportedly working on a 245-billion-U.S.-dollar break-up bid for Vodafone. If the deal succeeds, it would be the biggest takeover in history.

In midday trading, the blue-chip Dow jumped 93.35 points, or 0. 64 percent, to 14,666.20. The broader Standard & Poor's 500-stock Index surged 9.79 points, or 0.63 percent, to 1,571.96. The tech- heavy Nasdaq Composite Index soared 23.15 points, or 0.71 percent, to 3,262.32. Endite

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