Equities traded higher on Tuesday after Google Mother Alphabet's strong financial results produced a wave of positive corporate earnings and a wave of technology stocks.
"Alphabet delivered strong top results and proves once again that the increased investment is paying off," said JP Morgan analyst Doug Anmuth in a note. "Investing in machine learning and AI drives innovation in alphabetical companies, including Mobile Search, Cloud, Google Home, Assistant, Waymo, etc."
Eli Lilly also reported better than expected income. The company announced plans to go public for its Elanco Animal Health unit. Eli Lilly shares rose 3.5 percent.
Biogen shares gained more than 2.8 percent after outperforming earnings and earnings. Dow component United Technologies has exceeded its full-year earnings guidance and raised full-year earnings guidance. The stock gained 2.5 percent.
According to FactSet, the reporting season has started well. Of the 21.4 percent of reported S & P 500 companies, 80.6 percent exceeded analysts' expectations for the second quarter. Meanwhile, 74.1 percent of these companies have exceeded sales forecasts.
The shares of the agricultural and construction company Deere rose more than 3 percent on Tuesday, after CNBC reported that the Trump government is offering billions of dollars to threatened tariffs farmers. The measure is an emergency rescue aimed at alleviating the financial difficulties of the peasants caused by the scaling trade war of the White House in major electoral states.
Temporary assistance would be $ 12 billion, a senior government official told NBC News]