Wall Street spent the day in the green on Tuesday and held on to the gains by the close with the Nasdaq Composite outperforming its peers as financial reports drove stock moves.
Netflix ( NFLX ), Goldman Sachs ( GS ) and UnitedHealth Group ( UNH ) were among the day's top performers after beating analysts' expectations with quarterly results. Health care and materials led all 11 of the S&P sectors stronger by the end of the session, ending 1.1% and 0.9% higher respectively.
Energy shares were 0.4% stronger with the benchmark US oil variety, West Texas Intermediate, back above $50 a barrel after a 0.9% increase late in the day.
On the Dow Jones Industrial Average, 21 the 30 blue chips gained with UnitedHealth well above the other components, up 6.9%. IBM ( IBM ) was the leading decliner, slipping 2.6% after reporting earnings that, even though they beat expectations on the top and bottom lines, were still interpreted by some analysts as a disappointment.
Stocks got support from tame inflation data, as consumer prices increased 0.3% in September, matching analysts' estimates, and slightly above a 0.2% gain the month prior. Excluding the food and fuel segment, the consumer price index was up by just 0.1%, below the consensus estimate for a 0.2% increase.
Also, there was an as-expected decline in the National Association of Home Builders housing market index for October to 63 from 65 in September.
Wednesday's calendar has the weekly Mortgage Bankers' Association index at 7 a.m. ET, the September housing starts and building permits at 8:30 a.m. and the Beige Book for the Nov. 1 - 2 Federal Open Market Committee meeting is due at 2 p.m.
Here's where the markets stood at the close:
Dow Jones Industrial Average was up 75.54 points (+0.42%)
S&P 500 was up 13.10 points (+0.62%)
Nasdaq Composite Index was up 44.01 points (+0.85%)
FTSE 100 was up 0.76%
Nikkei 225 was up 0.38%
Hang Seng Index was up 1.55%
Shanghai China Composite Index was up 1.4%
(+) NFLX (+19.03%) Beat Q3 EPS and revenue estimates, global memberships soared 26%
(+) CE (+9.11%) Reported higher-than-expected Q3 EPS, guides FY16 EPS in-line with estimates
(+) TACO (+8.79%) Reported better-than-expected Q3 financial results
(+) UNH (+6.9%) Beats expectations in Q3 results, raises FY outlook
(+) GOOGL (+1.82%) Gets positive reviews for Pixel smartphone
(-) ICCC (-14.53%) Plans to raise $3.5 million in private placement
(-) AYA (-8.07%) Expects FY16 earnings and revenue below Wall Street expectations
(-) OMC (-2.37%) Beat Q3 EPS estimates but revenue missed expectations
(-) KSU (-2.25%) Q3 EPS misses views