Industrial and technology companies led U.S. stocks modestly higher in early trading Tuesday as indexes bounced back from small losses the day before. Energy stocks lagged the most as the price of crude oil headed lower. Investors were sizing up earnings reports from General Motors, Michael Kors and other big companies.
KEEPING SCORE: The Dow Jones industrial average rose 81 points, or 0.4 percent, to 20,134 as of 10:09 a.m. Eastern Time. The Standard & Poor’s 500 index gained 5 points, or 0.2 percent, to 2,298. The Nasdaq composite index added 18 points, or 0.3 percent, to 5,682. The Dow and Nasdaq were trading above their latest all-time highs.
NOT A SHOCK: Emerson Electric surged 5.6 percent after posting better-than-expected fiscal first-quarter earnings and sales. The company, which makes process controls systems, valves and analytical instruments, also raised its estimates for the rest of the year. The stock rose $3.33 to $63.19.
HEALTHY QUARTER: Centene climbed 6.9 percent after the health insurer’s latest quarterly snapshot exceeded Wall Street’s estimates. The stock added $4.42 to $68.05.
UNFASHIONABLE RESULTS: Michael Kors slumped 14.2 percent after the luxury retailer reported lower fiscal third-quarter earnings and sales. The company also gave weak guidance for the current quarter and cut its estimates for the year. The stock slid $5.86 to $35.42.