U.S. stocks extended gains on Tuesday as Wall Street cheered over a string of strong quarterly earnings reports.
The Dow Jones Industrial Average was up 213.59 points, or 0.87 percent, to 24,786.63. The S&P 500 rose 28.55 points, or 1.07 percent, to 2,706.39. The Nasdaq Composite Index was up 124.81 points, or 1.74 percent, to 7,281.10.
Shares of Netflix soared 9.19 percent to 336.06 U.S. dollars apiece Tuesday after the video-streaming provider reported higher-than-expected subscriber growth.
Shares of UnitedHealth Group jumped 3.57 percent to 238.55 dollars per share after the company delivered quarterly profit and revenue that both beat market consensus.
Shares of Goldman Sachs dipped 1.65 percent to 253.63 dollars apiece Tuesday even though the U.S. bank delivered better-than-expected quarterly results.
The latest data from Thomson Reuters showed that the S&P 500 companies' blended earnings in the first quarter of 2018 are expected to rise by 19.2 percent year on year, while the revenues are forecast to increase by 7.5 percent.
Economic data came out positive. U.S. privately-owned housing was at a seasonally adjusted annual rate of 1,319,000 since March, beating market estimates, the Commerce Department announced Tuesday.
This is 1.9 percent above the revised February estimate of 1,295,000 and is 10.9 percent above the March 2017 rate of 1,189,000.
Meanwhile, U.S. industrial production rose 0.5 percent in March, above market consensus of 0.4 percent, and the index advanced 4.5 percent at an annual rate for the first quarter of 2018 as a whole, the Federal Reserve said Tuesday.
The Dow Jones Industrial Average was up 213.59 points, or 0.87 percent, to 24,786.63. The S&P 500 rose 28.55 points, or 1.07 percent, to 2,706.39. The Nasdaq Composite Index was up 124.81 points, or 1.74 percent, to 7,281.10.
Shares of Netflix soared 9.19 percent to 336.06 U.S. dollars apiece Tuesday after the video-streaming provider reported higher-than-expected subscriber growth.
Shares of UnitedHealth Group jumped 3.57 percent to 238.55 dollars per share after the company delivered quarterly profit and revenue that both beat market consensus.
Shares of Goldman Sachs dipped 1.65 percent to 253.63 dollars apiece Tuesday even though the U.S. bank delivered better-than-expected quarterly results.
The latest data from Thomson Reuters showed that the S&P 500 companies' blended earnings in the first quarter of 2018 are expected to rise by 19.2 percent year on year, while the revenues are forecast to increase by 7.5 percent.
Economic data came out positive. U.S. privately-owned housing was at a seasonally adjusted annual rate of 1,319,000 since March, beating market estimates, the Commerce Department announced Tuesday.
This is 1.9 percent above the revised February estimate of 1,295,000 and is 10.9 percent above the March 2017 rate of 1,189,000.
Meanwhile, U.S. industrial production rose 0.5 percent in March, above market consensus of 0.4 percent, and the index advanced 4.5 percent at an annual rate for the first quarter of 2018 as a whole, the Federal Reserve said Tuesday.
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