Stocks rise after release of strong earnings reports

New York- Wall Street stocks inched back up on Tuesday following the latest release of earnings reports from major companies that were higher than expected.

The Dow Jones Industrial Average rose 0.62% to 33,141.38.

The S&P 500 climbed 0.73% to close at 4,247.68 while the tech-heavy Nasdaq Composite added 0.93% to finish the session at 13,139.87.

About 150 companies in the S&P 500 are slated to report earnings this week with a majority of the 23% companies that have already reported earnings posting results surpassing expectations.

The 10-year Treasury yield edged higher to 4.84% after an earlier slide in the morning after climbing above a record 5% on Monday.

High yields have dragged the stock market since the summer as investors continue to weigh the future of interest rates.

LEAVE A REPLY

Please enter your comment!
Please enter your name here