U.S. stocks edge up toward more records as crude oil prices ease
The S&P 500 rose 0.6% early Tuesday as oil prices eased, allowing Wall Street to focus on companies' big profits. Pinterest soared 17.5% after topping Wall Street's first-quarter sales and profit targets.
The U.S. stock market is moving toward records after oil prices eased. The S&P 500 rose 0.6% early Tuesday, with the Dow Jones Industrial Average rising 269 points and the Nasdaq composite up 0.7%. Oil prices retreated after surging on Monday, with Brent crude falling $1.14 to $113.30 per barrel. Companies reporting better-than-expected profits boosted stocks, including DuPont, Pinterest, and Anheuser-Busch Inbev. Pinterest's shares soared 17.5% after the company topped Wall Street's first-quarter sales and profit targets. The U.S. earnings season is a key focus for markets.
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