The Dow Jones Industrial Average rose 159.53 points, or 0.60 percent, to 26,840.40. The S&P 500 was up 5.46 points, or 0.17 percent, to 3,257.30. The Nasdaq Composite Index decreased 86.73 points, or 0.81 percent, to 10,680.36.
Seven of the 11 primary S&P 500 sectors finished higher, with energy soaring 6.15 percent, leading the gainers. Technology slipped 1.06 percent, the worst-performing group.
U.S.-listed Chinese companies traded mostly higher, with seven of the top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on an upbeat note.
On the earnings side, U.S. beverage giant Coca-Cola on Tuesday said that its comparable earnings per share declined 33 percent to 42 cents in the second quarter and its revenue also fell noticeably. Yet, the company expressed optimism on demand improvement as global lockdown eases. The stock closed up 2.34 percent.
IBM shares struggled even after the company reported a better-than-anticipated second-quarter profit.
The earnings season kicked off last week with U.S. bank giants reporting mixed results.
The estimated earnings decline for the S&P 500 is 43.8 percent for the second quarter, according to data from FactSet as of early July.
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