The Dow Jones Industrials jumped 234.31 points Tuesday to 38,474.29.
The S&P 500 index moved upward 56.53 points, or 1.5%, to 5,066.94.
The NASDAQ Composite popped 233.99 points, or 1.5%, to 15,685.29.
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 4.59% from Monday’s 4.62%. Treasury prices and yields move in opposite directions.
Oil prices recovered $1.01 to $82.91 U.S. a barrel.
Gold prices dulled $8.10 to $2,338.30 U.S. an ounce.