The market rose Tuesday as Wall Street cheered stronger-than-expected quarterly profits from some of the largest publicly traded U.S. companies.
Dow rose 60 points, while the S&P 500 added 0.35% and the Nasdaq climbed 0.6%. The Nasdaq 100, which includes the 100 largest companies in the composite index, hit a record high.
Dow members Coca-Cola and United Technologies reported better-than-expected quarterly earnings on Tuesday. Their shares rose 1.9% and 2.4%, respectively.
Twitter shares jumped 9% on its stronger-than-expected results. The social media company said its monthly active users totaled 330 million, more than a FactSet estimate of 318 million.
Defense giant Lockheed Martin also rallied more than 5% after its earnings easily topped expectations. The company reported strong operating margins across all its major businesses, which include aeronautics and missiles.
Procter & Gamble also posted stronger-than-forecast earnings, but its stock traded down 0.1%. Texas Instruments, eBay and Stryker are set to release their latest quarterly results after market close.
This is the busiest week of the corporate earnings season. Once the dust settles, more than 140 S&P 500 companies will have released their calendar first-quarter results.