New York - Wall Street stocks powered higher on Tuesday on strong corporate earnings, with a blowout report from Netflix igniting a rally in technology shares.
The tech-rich Nasdaq Composite Index jumped 1.7% to close the day at 7 281.10.
The Dow Jones Industrial Average rose 0.9% to end at 24 786.63, while the broad-based S&P 500 advanced 1.1% to 2 706.39.
Streaming company Netflix surged more than 9% after announcing it added 7.4 million new subscribers in the past quarter as net income grew 63% to $290m.
Other large technology companies also enjoyed big advances, including Amazon, which won 4.3% and Google-parent Alphabet, which added 3.5%.
Analysts said strong results gave the market the impetus to shift its fixation from trade war fears and other problems.
"It's back to the fundamentals for now, even though it could change in a moment with a tweet," said Karl Haeling of LBBW.
UnitedHealth Group jumped 3.6% as it reported a 34.6% increase in first-quarter profit to $2.8bn and lifted its full-year forecast
But Johnson & Johnson lost 0.9% despite reporting better-than-expected earnings, while Goldman Sachs dropped 1.7% after also topping forecasts.
In non-earnings news, Southwest Airlines fell 1.1% after investigators reported a fatality following an emergency landing of a Southwest plane in Philadelphia.
Starbucks advanced 0.7% as it announced it would close thousands of stores and corporate offices across the United States on May 29 to conduct "racial-bias education" following outrage over the arrest of two black men in one of its cafes.
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