Stocks started Tuesday on the way to recovery, rising at the open after a days-long losing streak. While Middle East tensions and inflationary pressures are rising, strong earnings reports are giving investors hope that the market is on the mend.
The Dow Jones Industrial average quickly jumped 200 points, and was up 175 points, or about 0.5%, to 37,910 shortly after markets opened. The S&P 500 and the Nasdaq were flat.
The 10-year Treasury yield ticked higher to 4.65% on Tuesday. The West Texas Intermediate futures contract traded around $84.90 a barrel as oil prices declined.
Several companies, including Bank of America, Johnson & Johnson, Morgan Stanley, and UnitedHealth Group all released quarterly earnings before the bell. United Airlines will report earnings after markets close.