U.S. stocks edged higher on Tuesday, as an advance in technology shares and a jump in Johnson & Johnson following strong results countered losses in UnitedHealth and Bank of America.
Johnson & Johnson gained 4.5% after the healthcare conglomerate beat quarterly profit estimates and raised its adjusted sales growth forecast for the year.
The results come after Goldman Sachs Group Inc and Citigroup Inc on Monday disappointed with quarterly revenue misses.
At 11:20 a.m. ET, the Dow Jones Industrial Average was up 45.57 points, or 0.17%, at 26,430.34. The S&P 500 was up 5.07 points, or 0.17%, at 2,910.65 and the Nasdaq Composite was up 32.15 points, or 0.40%, at 8,008.17.
Technology shares rose 0.57%, and provided the biggest boost to markets on gains in Apple Inc and chipmakers. The Philadelphia chip index rose 1.56%.
Source : Reuters