U.S. stocks rise on earnings; Dow gains 0.40%

U.S. stocks rose on Tuesday, boosted by U.S. data and solid first-quarter earnings.

At the close of U.S. trading, the Dow 30 rose 0.40%, the S&P 500 index rose 0.41%, while the Nasdaq index rose 0.97%.

Better-than-expected earnings from McDonald's Corporation (NYSE:MCD) and Netflix Inc (NASDAQ:NFLX) sent U.S. stock prices rising on Tuesday.

Markets have applauded results from Morgan Stanley (NYSE:MS), Citigroup Inc (NYSE:C), General Electric Company (NYSE:GE), Yahoo! Inc (NASDAQ:YHOO), Halliburton Company (NYSE:HAL) and several others in recent sessions, which gave equities indices room to extend gains on Tuesday.

Solid U.S. data boosted share prices as well.

Industry data revealed that existing home sales in the U.S. fell by 0.2% in March to 4.59 million units, and while soft, the numbers did beat expectations for 4.55 million units.

A separate report showed that the Richmond Fed manufacturing index jumped to 7 this month, from a reading of -7 in March, beating expectations for a reading of 0.

Leading Dow Jones Industrial Average performers included Home Depot Inc (NYSE:HD), up 2.10%, Goldman Sachs Group Inc (NYSE:GS), up 1.64%, and J P Morgan Chase & Co (NYSE:JPM), up 1.43%.

The Dow Jones Industrial Average's worst performers included Exxon Mobil Corporation (NYSE:XOM), down 0.55%, Intel Corporation (NASDAQ:INTC), down 0.43%, and Procter & Gamble Company (NYSE:PG), down 0.35%.

European indices, meanwhile, finished higher.

After the close of European trade, the DJ Euro Stoxx 50 rose 1.40%, France's CAC 40 rose 1.18%, while Germany's DAX rose 2.02%. Meanwhile, in the U.K. the FTSE 100 rose 0.85%.

On Wednesday, the U.S. is to publish reports on new home sales and manufacturing activity.