NEW YORK, Feb. 5 (Xinhua) -- U.S. stocks traded on an upbeat note Tuesday as Wall Street cheered a slew of latest strong earnings.

At midday, the Dow Jones Industrial Average jumped 159.21 points, or 0.63 percent, to 25,398.58. The S&P 500 was up 9.35 points, or 0.34 percent, to 2,734.22. The Nasdaq Composite Index climbed 46.47 points, or 0.63 percent, to 7,393.60.

Eight of the 11 primary S&P 500 sectors traded higher around midday, as strong gains in technology and materials offset the declines in financials and real estate.

U.S. beauty products company Estee Lauder on Tuesday reported stronger-than-expected fiscal second-quarter earnings and raised its full-year outlook, sending the stock up about 12 percent. Adjusted earnings for the company came to 1.86 dollars per share, well above analysts' consensus of 1.55 dollars apiece surveyed by the FactSet.

Google parent Alphabet delivered better-than-expected earnings for the fourth quarter after Monday's close. However, the stock slid more than 0.6 percent on Tuesday as the company also revealed declining advertising prices and rising costs.

Entertainment giant The Walt Disney company is set to report earnings after the close Tuesday, which attracts investors' attention.

Nearly half of S&P 500 companies have reported earnings so far, with about 70 percent of those companies topping analyst expectations, according to CNBC while citing The Earnings Scout.

Wall Street is also expecting U.S. President Donald Trump's State of the Union address, which is scheduled to take place Tuesday night. Enditem

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