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The S&P 500 rose on Tuesday as investors digested key corporate earnings and looked to the Federal Reserve’s policy meeting.
The Dow Jones Industrials grabbed 156.04 points to 40,695.97.
The much-broader index poked up 0.84 points to 5,464.22.
CrowdStrike shares fell more than 6% after media reports that Delta Air Lines hired attorney David Boies to seek damages from CrowdStrike and Microsoft after an outage this month led to thousands of flight cancellations.
Merck shares fell more than 3% as weaker-than-expected guidance for the full year overshadowed a strong second-quarter report. Pfizer, meanwhile, climbed 0.5% on stronger-than-anticipated earnings and revenue. The company also raised its full-year top and bottom line guidance.
Investors will also watch closely for numbers from Microsoft, Advanced Micro Devices and Starbucks after the closing bell.
The earnings season has been a solid one thus far. Of the more than 230 S&P 500 names that have reported, about 80% have beaten earnings expectations,
Prices for the 10-year Treasury stayed put, with yields not budging from Monday’s 4.17%.
Oil prices decreased 80 cents at $75.01 U.S. a barrel.
Gold prices shone brighter $12.70 to $2,390.50
