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Dow jumps 600 points as US stocks extend big rally amid upbeat earnings

Brian Evans   

Dow jumps 600 points as US stocks extend big rally amid upbeat earnings
  • US stocks rose at the open Tuesday and the Dow Jones Industrial Average jumped 600 points.
  • Strong earnings from Goldman Sachs and Johnson & Johnson lifted markets.

US stocks climbed Tuesday, extending gains from a day earlier, as stronger-than-expected earnings reports from Goldman Sachs and Johnson & Johnson added to the upswing.

Both the Nasdaq Composite and S&P 500 futures climbed more than 2%, with Wall Street growing increasingly bullish despite a disappointing inflation report last week.

"Big inflows in the last several weeks suggest that investors may believe that the market has bottomed," Bank of America analysts wrote in a research note on Tuesday. BofA noted that clients were keen to buy shares in tech and communication services companies, while energy also remained attractive.

Here's where US indexes stood at the 9:30 a.m. opening bell on Tuesday:

Here's what else is happening today:

In commodities, bonds, and crypto



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