Stocks closed sharply higher on Tuesday as investor sentiment was boosted by strong results from some of the biggest U.S. companies.
The Dow Jones industrial average rose 213.59 points to 24,786.63, with UnitedHealth helping lead the index higher. The S&P 500 gained 1.1 percent to 2,706.38, as consumer discretionary and tech gained 1.9 percent and 2 percent, respectively. The Nasdaq composite advanced 1.7 percent to 7,281.10 as shares of Netflix jumped 9.2 percent to a record high.
Netflix was the best performer in the S&P 500 after reporting in-line quarterly earnings and higher-than-expected subscriber growth.
"The fact that Netflix is reacting so well to earnings helps the market," said Tom Martin, senior portfolio manager at Globalt. "Netflix is a bellwether stock."
UnitedHealth shares rose 3.6 percent after it reported better-than-expected earnings and raised its outlook for 2018.
Goldman Sachs posted better-than-expected earnings and revenue for the first quarter, boosted by a 38 percent jump in equities trading revenue. However, the stock fell 1.7 percent after opening higher.
Johnson & Johnson posted a profit that surpassed estimates, boosted by a strong performance by its pharmaceuticals segment. Johnson & Johnson jumped at the open but slipped to close 0.9 percent lower.