Stocks jumped Tuesday and the Dow briefly showed a gain of more than 300 points as Wall Street cheered third-quarter earnings.
The blue-chip index was up 1.1%. A gain of 300 points would be its second in three sessions. The S&P 500, up 1.2%, was trading above 3,000. The index hasn't closed above 3,000 since Sept. 19. The Nasdaq Composite was up 1.4%.
Catalysts included bullish earnings from JPMorgan Chase (NYSE:JPM) and UnitedHealth Group (NYSE:UNH), news of progress in settling a strike at General Motors (NYSE:GM) and a report that deputy-level trade talks between China and the United States will be held later this week.
JPMorgan, Home Depot (NYSE:HD) and homebuilder PulteGroup (NYSE:PHM) were among stocks hitting new highs.
