US stocks trade with strong gains, upbeat corporate results supportive

Major US equity indices opened with strong gains on Tuesday and were supported by upbeat earnings reports from blue-chip companies.

Strong corporate results helped offset recent jitters over the pace of rising US bond yields and underpinned tepid optimism during the opening hour of trade. Moreover, higher oil prices and the US Dollar have calmed down to rational levels and the market is able to positively respond to the developments as investors work through the earnings season. 

However, concerns over escalating US-China trade tensions and other geopolitical worries might continue to keep a lid on any runaway rally, at least for the time being. Investors now await the Treasury Department’s semiannual currency report, due later Tuesday, for any clues if the US deems China as a currency manipulator, which might eventually drive investors' appetite for riskier assets - like equities. 

At the time of writing this report, the Dow Jones Industrial Average was up by around 180-points to 25,435 and the broader S&P 500 Index rose 19-points to 2,770. Meanwhile, tech-heavy Nasdaq Composite Index rallied over 75-points to move back above the 7,500 round figure mark.