Markets

Markets Right Now: Solid earnings drive stock indexes higher

The latest on developments in financial markets (All times local):

9:35 a.m.

More solid earnings reports from U.S. companies are sending stocks higher in early trading on Wall Street.

Banks, technology companies and retailers were among the early winners on Tuesday. Bank of America gained 1 per cent.

Royal Caribbean Cruises jumped 5 per cent after reporting solid earnings, and Archer-Daniels-Midland gained 3 per cent after its own results came in ahead of forecasts.

The Standard & Poor’s 500 index rose 4 points, or 0.2 per cent, to 2,474.

The Dow Jones industrial average climbed 83 points, or 0.3 per cent, to 21,976. The Nasdaq composite increased 14 points, or 0.2 per cent, to 6,362.

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