U.S. stocks were mostly higher Tuesday as a stream of overall, positive earnings reports overshadowed geopolitical tensions, but the Nasdaq fell into negative territory after the tech-heavy composite index set a record high Tuesday morning.
The Dow Jones Industrial Average rallied 197.65 points, or 0.79%, to 25,241.94. The S&P 500 gained 13.42 points, about 0.5%, to 2,820.40. The Nasdaq ticked 1.1 points lower, or 0.01%, to 7,840.77.
United Technologies, 3M, Verizon, Lockheed Martin and Kimberly-Clark all released quarterly results before the opening bell. Shares of Alphabet, Google's parent company, rose 3.9% after reporting earnings after the bell Monday.
|I:DJI||DOW JONES AVERAGES||34935.47||-149.06||-0.42%|
|I:COMP||NASDAQ COMPOSITE INDEX||14672.677608||-105.59||-0.71%|
Economic data released Tuesday included the IHS Markit flash U.S. manufacturing PMI which rose to 55.5 in July from 55.4 .
U.S. stocks ended flat Monday, as traders waded through the latest earnings reports and while geopolitical concerns once again entered the spotlight.
Overseas, stocks climbed after China said it would use fiscal action to support its economy. The decision comes amid a trade war with the U.S.
Commodities were mostly higher following Monday’s downbeat session.
FOX Business’ Ken Martin contributed to this article.