& #8226; National

Stocks moved higher Tuesday on increased merger activity despite a lack of other news that kept trading volume light. The Nasdaq reached a new five-year high after a modest gain.

The Dow Jones Industrial Average rose 58.91, or 0.5 percent, to 11,203.85. The Standard & Poor’s 500 Index gained 8.12, or 0.6 percent, to 1,305.93. The Nasdaq Composite Index added 8.62, or 0.4 percent, to 2,345.36, its best showing since Feb. 16, 2001.

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& #8226; Local


Local movers were led by Computer Sciences Corp., which gained 4.4 percent to $59.80, Occidental Petroleum Corp., which rose 1.5 percent to $95.61, and True Religion Apparel Inc., which climbed 7.7 percent to $18.65. On the down side, PS Business Parks Inc. fell 2.6 percent to $54.21, Mercury General Corp. lost 1.9 percent to $53.87 and Public Storage Inc. slipped 1.1 percent to $78.05.