Markets Right Now: Solid earnings send US stocks higher

By Associated Press

Strong earnings from investment banks and big health care companies are helping send stocks solidly higher in early trading on Wall Street.

Morgan Stanley climbed 3.8 percent in the first few minutes of trading Tuesday, and Goldman Sachs increased 1.6 percent.

UnitedHealth Group, a major health insurer, rose 2.1 percent and Johnson and Johnson rose 2.2 percent.

Technology stocks were also higher following a recent bout of weakness. Microsoft rose 1.9 percent.

The S&P 500 index rose 20 points, or 0.7 percent, to 2,770.

The Dow Jones Industrial Average climbed 195 points, or 0.8 percent, to 25,444. The Nasdaq composite added 74 points, or 1 percent, to 7,506.

Bond prices were little changed. The yield on the 10-year Treasury note held steady at 3.16 percent.

This article provided by NewsEdge.