The Dow Jones Industrials leaped 337.12 points, or 1.1%%, to 31,836.74.
The S&P 500 took on 61.77 points, or 1.6%, to 3,859.11.
The tech-heavy NASDAQ advanced 246.5 points, or 2.3%, to 11,199.12.
Traders pored over a smattering of corporate reports. General Motors pointed upward 1.4% and Coca-Cola rose 2.5%, after reporting stronger-than-forecasted earnings. Xerox plummeted 14.5% after earnings per share came in at less than half of what was expected.
So far this season, companies have proven they may be faring better than anticipated. FactSet data shows that, through Tuesday morning, 71% of the companies that reported topped analyst expectations for earnings per share.
Meta Platforms and Microsoft report Wednesday, followed by Amazon and Apple on Thursday. Given their sheer size and market capitalization, any moves are likely to drive the market going forward.
Alphabet and Microsoft are among the companies set to report earnings after the bell as a week with tech as the centerfold continues. Chipotle Mexican Grill is also on deck.
The S&P CoreLogic Case-Shiller 20-City House Price Index released Tuesday showed home prices fell 1.3% in the 20 core cities studied month-over-month in August, but were still 13.1% higher than a year ago.
The Consumer Confidence Index also fell, showing the view on the economy has soured after two months of the outlook improving.
Treasury prices shot higher, lowering yields to 4.09% from Monday’s 4.25%. Treasury prices and yields move in opposite directions.
Oil prices advanced 40 cents to $84.98 U.S. a barrel.
Gold prices were positive four dollars to $1,658.10 U.S. an ounce.