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(CNBC) -- The Dow Jones Industrial Average was higher Tuesday as traders digested better-than-expected corporate earnings.
The Dow added 366.58 points, or 1.06%, to close at 34,951.93. The Nasdaq Composite climbed 0.76% to finish the session at 14,353.64, while the S&P 500 gained 0.71% to end at 4,554.98. The Dow notched its seventh straight day of gains and its longest winning streak since March 2021. All three major averages had their highest closes since April 2022.
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Bank of America reported better-than-expected earnings for the second quarter, thanks to higher interest rates. Bank of New York Mellon’s earnings also exceeded expectations. Shares of both banks gained more than 4%.
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