* Monday's decline was S&P 500's biggest since November
* Dell to go private in $24.4 bln deal, shares rise 0.9percent
* Archer Daniels, Estee Lauder both up after results
* Indexes: Dow 0.9 pct, S&P 0.9 pct, Nasdaq 1 pct
By Angela Moon
NEW YORK, Feb 5 (Reuters) - U.S. stocks rose on Tuesday,with the Dow breaking above 14,000, as earnings came in strongerthan expected and investors sought bargains a day after shares'biggest drop since November.
Dell Inc's stock rose after the world's No. 3computer maker agreed to be taken private in a $24.4 billiondeal, the largest leveraged buyout since the 2008-2009 financialcrisis. The stock gained 0.9 percent to $13.39 after a delayedopen.
Major stock indexes fell about 1 percent in Monday'ssession, pressured by renewed worries over the euro zone'ssovereign debt crisis. Still, equities have been strongperformers recently, with the benchmark S&P 500 index up about 5percent for 2013.
Wall Street has advanced on strong fourth-quarter earningsand signs of improved economic growth, suggesting the market'slonger-term trend remains higher.
"For the last couple of weeks, we've been seeing this globaldivergence where the U.S. market remains powerful but overseasemerging markets are pretty weak," said James Dailey, portfoliomanager at TEAM Asset Strategy Fund in Harrisburg, Pennsylvania.
"We seem to be in this manic buying period, and people arereluctant to give up the optimism that the market is going tomove higher."
Archer Daniels Midland reported revenue and adjustedfourth-quarter earnings that beat expectations, boosted bystrong global demand for oilseeds. Shares rose 4.6 percent to$29.75.
Estee Lauder Cos Inc gained 7 percent to $65.34 afterreporting results.
According to Thomson Reuters data, of the 53 percent of S&P500 companies that have reported earnings thus far, 69 percenthave beaten profit expectations, over the 62 percent averagesince 1994 and the 65 percent average over the past fourquarters.
Fourth-quarter earnings for S&P 500 companies are expectedto rise 4.5 percent, according to the data, above the 1.9percent forecast at the start of earnings season but well belowthe 9.9 percent forecast on Oct. 1.
The Dow Jones industrial average was up 118.24points, or 0.85 percent, at 13,998.32. The Standard & Poor's 500Index was up 13.95 points, or 0.93 percent, at 1,509.66.The Nasdaq Composite Index was up 31.12 points, or 0.99percent, at 3,162.29.
The S&P is less than 5 percent away from its all-timeintraday high of 1,576.09, reached in October 2011.
McGraw-Hill extended its Monday decline, slumping5.4 percent to $47.55 as the U.S. Justice Department launched acivil lawsuit against the company and its unit, Standard &Poor's, over mortgage bond ratings. The action marks the firstsuch federal action against a credit rating agency related tothe financial crisis.
The stock has dropped more than 20 percent over the past twodays.
U.S. shares of BP Plc rose 1.3 percent to $44.18after the company reported earnings that beat expectations andsaid underlying financial momentum would be "strongly evident"by 2014.
The Institute for Supply Management's non-manufacturingindex was 55.2 in January, as expected and down slightly fromthe previous month.
BP (BP.)