Investing.com - Wall Street was higher on Tuesday as investors eyed developments in the U.S.-China trade war and digested earnings results from blue-chip companies.
The S&P 500 rose 17 points, or 0.67%, to 2,658.83 as of 9:52 AM ET (13:52 GMT), while the Dow increased 132 points, or 0.54%, to 24,575.56 and the tech-heavy Nasdaq Composite was up 33 points, or 0.47%, to 7,083.71.
Investors are keeping an eye on trade war developments after U.S. President Donald Trump confirmed on Fox News that he was prepared to increase tariffs on the rest of Chinese goods if no agreement is made between the two countries.
Meanwhile Trump said that markets are “taking a little pause.”
General Electric (NYSE:GE) was among the top gainers after the morning bell, rising 1.21% after it said it would restructure its power business. Coca-Cola (NYSE:KO) was up 0.57% after its earnings came in higher than expected, while Apple (NASDAQ:AAPL) gained 0.31% and semiconductor company Micron (NASDAQ:MU) jumped 1.96%.
Meanwhile, Pfizer (NYSE:PFE) fell 1.16% after it missed revenue estimates.
Earnings season continues after the close, with reports from Facebook (NASDAQ:FB) and eBay (NASDAQ:EBAY) expected.
In commodities, gold futures decreased 0.46% to $1,226.80 a troy ounce, while crude oil futures fell 2.01% to $65.69 a barrel. The U.S. dollar index, which measures the greenback against a basket of six major currencies, rose 0.17% to 96.74.