Strong earnings reports from a number of companies are driving solid gains on Wall Street in early trading.
Netflix soared 19% early Tuesday after reporting earnings late Monday that were far better than analysts were expecting.
Goldman Sachs rose 2% and Comerica gained 3% after both banks reported better-than-expected results.
Traditionally safer-play stocks lagged behind the overall market. Phone companies and utilities posted the smallest gains of the 11 sectors in the Standard & Poor’s 500 index.
The Dow Jones industrial average rose 113 points, or 0.6%, to 18,200.
The Standard & Poor’s 500 index climbed 15 points, or 0.7%, to 2,142. The Nasdaq composite increased 51 points, or 1%, to 5,250.
Bond prices fell. The yield on the 10-year Treasury note rose to 1.78%.