U.S. stocks rose on Tuesday, bringing the S&P 500 within breathing distance from a new record, as Wall Street viewed quarterly earnings and data as positive on inflation and the housing market.
Dow finished up 62 points or 0.37% higher at 17,113, the S & P 500 strengthened 0.53% to 1,984 points, while Nasdaq climbed 0.7% to 4,456.
“We’re finally starting to see revenue growth kick in, and that’s the pivot point to this earnings season so far,” said Art Hogan, chief market strategist at Wunderlich Securities.
Investors embraced results by Comcast, Verizon and Chipotle Mexican Grill.
Coca-Cola shares fell after the company reported a 3% fall in quarterly profit.
McDonald’s declined after the chain reported earnings that fell short of estimates.