Stocks rose sharply on Tuesday after the release of strong quarterly results from some of the largest U.S. companies helped the market recover from last week's selloff.
The Dow Jones Industrials surged 547.87 points, or 2.2%, to close at 25,798.42, with UnitedHealth outperforming.
The S&P 500 recovered 59.13 points, or 2.2%, to 2,809.92, as the tech and health care sectors jumped more than 2.5% each.
The NASDAQ popped 214.74 points, or 2.9%, to 7,645.49
With Tuesday's sharp gains and following a rally on Friday, the Dow has risen more than 4.5% from the lows seen last week.
Morgan Stanley jumped 5.7% after reporting better-than-expected earnings. Goldman Sachs' profits also beat estimates, sending the stock up 3%. Dow-members Johnson & Johnson and UnitedHealth both posted better-than-expected earnings, sending their shares higher.
Morgan Stanley's quarterly results were driven by a 15% jump in investment-banking revenue. Goldman Sachs' investment banking business also drove it to a better-than-expected profit.
Investors turned their eyes to Netflix after the close on Tuesday, as the company released its quarterly results. The company's earnings easily beat analyst expectations and sent Netflix shares up more than 14% in after-hours trading.
Investors came into the earnings season with high hopes. Analysts expect third-quarter S&P 500 earnings to have grown by 19%
However, Dow-component Walmart slashed its fiscal 2019 earnings forecast on Tuesday, citing its Flipkart acquisition. The earnings season comes as Wall Street tries to recover from sharp losses seen last week.
In data, job openings hit a record by surging above seven million in August, according to the U.S. Labor Department.
Prices for the benchmark for the 10-year U.S. Treasury fell back, boosting yields to 3.16% from Monday’s 3.15%. Treasury prices and yields move in opposite directions.
Oil prices recouped 39 cents at $72.17 U.S. a barrel.
Gold prices acquired $17.60 to $1,211 U.S. an ounce.
