Stock Market Today: Wall Street Rises After Corporate Profits Top Forecasts and Oil Prices Sink More

Stock Market Today: Wall Street Rises After Corporate Profits Top Forecasts and Oil Prices Sink More
People walk past the New York Stock Exchange in New York on June 29, 2022. Julia Nikhinson/AP Photo
The Associated Press
Updated:
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NEW YORK—Wall Street rose to a rare gain Tuesday after Verizon, General Electric and other big companies reported fatter profits for the summer than expected.

The S&P 500 climbed 30.64, or 0.7%, to 4,247.68 to break a five-day losing streak. The Dow Jones Industrial Average gained 204.97 points, or 0.6%, to 33,141.38, and the Nasdaq composite rose 121.55, or 0.9%, to 13,139.87.