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  • Updated

Stocks rose in afternoon trading on Wall Street Tuesday and pushed major indexes further into record heights as investors review mostly solid earnings. The S&P 500 was up 0.3%. Big technology companies were doing much of the heavy lifting, and that helped send the Nasdaq up 0.3%. The Dow Jones Industrial Average climbed 0.1%. UPS jumped 7.4% after the package delivery service reported results that easily beat analysts' forecasts. Facebook fell following a weak sales forecast and scrutiny over its corporate practices. Microsoft and Google's parent company will report their own results after the closing bell. 

  • Updated

Asian shares are mostly higher after another rally to record highs on Wall Street. Benchmarks in Tokyo, Seoul and Sydney rose, while Hong Kong fell and Shanghai was little changed. Stocks have been pushing broadly higher as companies turn in much stronger profit reports for the summer than analysts had expected. Historically low interest rates, along with strong corporate profit growth, have helped the S&P 500 more than double from the bottom it set in March 2020 in the early days of the coronavirus pandemic. On Monday, the S&P 500 gained 0.5% while the Dow Jones Industrial Average surged 0.9%, both closing at record highs.