Major U.S. indexes climbed nearly 1% Tuesday, driven by earnings beats from large-cap companies amid persistent Middle East tensions.
The S&P 500 and Nasdaq Composite advanced 0.9% on Tuesday, supported by better-than-expected earnings from several blue-chip firms. The gains extended a rally fueled by corporate performance and investor optimism ahead of key economic data later this week.
Oil prices remained elevated, reflecting ongoing geopolitical risks in the Middle East. The benchmark indices closed near session highs, with technology and consumer discretionary sectors leading the gains. Analysts noted the resilience of equities despite broader macroeconomic uncertainties.
Trading volumes were modest, with no immediate signs of profit-taking following the rally. Futures markets suggested a cautious open for Wednesday, as investors awaited further earnings reports and economic indicators.