The Dow Jones Industrials ended its four-day losing streak, vaulting 204.97 points to 32,151.38.
The S&P 500 index gathered 30.64 points to 4,247.68.
The NASDAQ leaped 121.55 points to 13,139.88.
Coca-Cola reported earnings and revenue that topped estimates, sending the stock up 2.9%. Spotify, meanwhile, popped 10% after the audio streaming giant posted third-quarter results that beat expectations.
General Motors shares ticked down 2.3% after the company pulled its full-year outlook amid rising costs due to the United Auto Workers union strikes. The automaker did post better-than-expected third-quarter results.
Alphabet and Microsoft are among companies posting results after the market closes. Other tech names reporting this week include Amazon and Meta.
Around 150 S&P 500 companies are slated to report this week. Thus far, the season is off to a solid start. Roughly 23% of S&P 500 companies have already reported earnings, and 77% of them have posted earnings surpassing analysts’ expectations,
Prices for the 10-year Treasury inched forward, lowering yields to 4.81% from Monday’s 4.88%. Treasury prices and yields move in opposite directions.
Oil prices sank $1.91 to $83.58 U.S. a barrel.
Gold prices shed $4.10 to $1,983.70.