(CNBC) — U.S. stocks rose on Tuesday, lifting the S&P 500 to a record, as Wall Street considered quarterly earnings and data that cast a benign light on inflation and progress in the housing market.
“We’re finally starting to see revenue growth kick in, and that’s the pivot point to this earnings season so far,” said Art Hogan, chief market strategist at Wunderlich Securities.
Investors embraced results by CNBC’s parent company Comcast, as well as from Verizon and Chipotle Mexican Grill. Coca-Cola shares fell after the beverage maker reported a 3 percent fall in quarterly profit. McDonald’s declined after the fast-food chain reported earnings that fell short of estimates.