Wall Street market report
|London | Wall Street | Asia|
(Close): US shares closed higher on Tuesday, despite a mixed reaction to the latest earnings reports.
Chipotle Mexican Grill was the biggest winner among shares on the S&P 500. It jumped almost 12% after reporting a 26% jump in quarterly profits.
But Harley Davidson was the biggest loser on the index, falling 5.4% after cutting its forecasts for motorcycle shipments this year.
Overall the S&P 500 closed 0.5% higher at 1,986.
"So far earnings have been pretty robust, better than a lot of people were looking for, including on the forward guidance side," said William Greiner, chief investment officer at Mariner Wealth Advisors.
On Wednesday investors will have a chance to react to the latest numbers from Microsoft and Apple.
Apple reported a 12% rise in quarterly earnings to $7.75bn, helped by strong sales of iPhones.
Microsoft reported a 7% drop in profits in its most recent quarter, which was hit by a $692m loss at Nokia.