U.S. stocks opened higher on Tuesday, as equities continued to be supported by strong first-quarter results, including from such heavyweight names as Goldman Sachs and Netflix. The Dow Jones Industrial Average rose 0.9% to 24,792. With the day's gain, the Dow returned to positive territory for the year and rose above its 50-day moving average, which it hasn't closed above since March 9. The S&P 500 added 0.5% to 2,693. The Nasdaq Composite Index rose 0.8% to 7,215. The day's gains were broad, but driven by earnings, which supported the thesis that stock valuations are justified by the level of economic activity. In particular focus were Goldman Sachs which rose 1.2% after its results, and Netflix Inc. which jumped 6.7% after reporting higher subscriber growth than had been expected.
Read the full story: Dow up over 200 points as investors focus on earnings