The Dow Jones Industrials jumped 193.24 points Tuesday to 38,433.22.
The S&P 500 index moved upward 55.66 points, or 1.1%, to 5,066.26.
The NASDAQ Composite popped 232.89 points, or 1.5%, to 15,684.50.
Spotify surged more than 15% after surpassing Wall Street’s first-quarter estimates and issuing rosy second-quarter guidance. UPS shares edged slightly higher after the delivery giant posted better-than-expected quarterly earnings. PepsiCo, meanwhile, dipped 2.4% despite reporting better-than-expected earnings. GE Aerospace also reported an earnings beat.
Tesla is slated to report earnings after the bell, followed by Meta Platforms on Wednesday afternoon. Google-parent company Alphabet and Microsoft round out the technology-heavy earnings week on Thursday.
Roughly 20% of the S&P 500 has reported earnings through Tuesday morning. Of those companies, 76% have beaten analyst expectations, FactSet data shows.
Prices for the 10-year Treasury inched higher, lowering yields to 4.58% from Monday’s 4.62%. Treasury prices and yields move in opposite directions.
Oil prices recovered 16 cents to $82.06 U.S. a barrel.
Gold prices dulled $9.80 to $2,336.60 U.S. an ounce.