NEW YORK, Feb. 5 (Xinhua) -- U.S. stocks opened higher on Tuesday as market sentiment was boosted by a slew of strong earnings.
Shortly after the opening bell, the Dow Jones Industrial Average jumped 112.72 points, or 0.45 percent, to 25,352.09. The S&P 500 was up 6.90 points, or 0.25 percent, to 2,731.77. The Nasdaq Composite Index increased 31.69 points, or 0.43 percent, to 7,379.23.
Dow's triple-digit gains were led by rallying Apple stock. Shares of the iPhone maker rose 1.7 percent to 174.16 U.S. dollars apiece shortly after the open.
Five of the 11 primary S&P 500 sectors traded on an upbeat note, as consumer discretionary and technology outperformed while real estate and utilities struggled.
Shares of Estee Lauder soared more than 11 percent in morning trade Tuesday, after the beauty products company reported stronger-than-expected fiscal second-quarter earnings and raised its full-year outlook. Adjusted earnings for the company came to 1.86 dollars per share, well above analyst consensus of 1.55 dollar a piece surveyed by the FactSet.
Google-parent Alphabet delivered better-than-expected earnings after Monday's close. However, the stock dipped 0.4 percent as the company revealed declining advertising prices and rising costs.
Wall Street is expecting the quarterly results from media group Disney, which is set to report after the close Tuesday.
Nearly half of S&P 500 companies have reported earnings so far, with about 70 percent of those companies topping analyst expectations, said CNBC while citing The Earnings Scout. Enditem
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