US stocks move higher in early trading as company earnings reports begin to come in

MarketsAssociated Press

Stocks are edging higher in early trading as U.S. company earnings begin to come in.

JPMorgan Chase and Johnson & Johnson rose early Tuesday after reporting first-quarter results that beat analysts' expectations.

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Energy shares rose as the price of oil moved higher.

The Dow Jones industrial average gained 53 points, or 0.3 percent, to 18,030 as of 9:35 a.m. Tuesday.

The Standard & Poor's 500 index rose three points, or 0.2 percent, to 2,095. The Nasdaq composite rose five points, or 0.1 percent, to 4,993.

The price of U.S. crude oil rose 75 cents to $52.66 a barrel in New York.

Bond prices rose. The yield on the 10-year Treasury note fell to 1.87 percent.