The Dow Jones Industrial Average rose 198.70 points, or 0.56 percent, to 35,457.31. The S&P 500 increased 33.17 points, or 0.74 percent, to 4,519.63. The Nasdaq Composite Index jumped 107.28 points, or 0.71 percent, to 15,129.09.
Ten of the 11 primary S&P 500 sectors ended in green, with health care and utilities up 1.31 percent and 1.26 percent, respectively, leading the gainers. Consumer discretionary slipped 0.29 percent, the lone declining group.
Johnson & Johnson reported earnings Tuesday that beat Wall Street's profit expectations, sending the stock up more than 2 percent.
Shares of Travelers advanced 1.6 percent after the U.S. insurance company's quarterly earnings report topped market estimates.
Netflix shares were up slightly in after-hours trading as the streaming entertainment service company reported third-quarter results after market close that showed a pick-up in subscriber growth.
So far, 82 percent of S&P 500 companies that have reported earnings beat expectations, according to CNBC, citing data from FactSet.
U.S.-listed Chinese companies traded mostly higher on Tuesday with nine of the top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on an upbeat note.
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