Investing.com - U.S. stocks rose on Tuesday on better-than-expected earnings as well as on upbeat inflation and home sales numbers.
At the close of U.S. trading, the Dow 30 fell 0.41%, the S&P 500 index rose 0.50%, while the NASDAQ Composite index rose 0.71%.
The Volatility S&P 500 index, which measures the outlook for market volatility, was down 7.57% at 11.84.
Upbeat earnings from Comcast Corporation (NASDAQ:CMCSA), Verizon Communications Inc (NYSE:VZ) and Chipotle Mexican Grill Inc (NYSE:CMG) sent U.S. equities rising on Tuesday, with investors eager for tech giants Microsoft Corporation (NASDAQ:MSFT) and Apple Inc (NASDAQ:AAPL) to release later in the evening after closing.
Still, a 3% dip in profits at Coca-Cola Company (NYSE:KO) coupled with earnings at McDonald's Corporation (NYSE:MCD)that missed estimates capped gains.
On the data front, investors applauded U.S. inflation and existing home sales.
The Labor Department reported earlier that the U.S. consumer price index rose 2.1% in June, unchanged from the previous month and in line with forecasts.
On a month-over-month basis, U.S. consumer prices were up 0.3% after a 0.4% increase in May, also in line with expectations.
June's core inflation rate, which excludes food and energy costs, rose by 0.1% from May and 1.9% on year, slightly below market calls for 0.2% and 2.0% readings, respectively, which illustrated how gasoline was driving the CPI up, though markets viewed the numbers as fundamentally healthy anyway.
Elsewhere, the National Association of Realtors reported earlier that existing U.S. home sales rose 2.6% to 5.04 million units in June from 4.91 million in May, beating market forecasts for a 2.0% rise to 4.97 million units.
Leading Dow Jones Industrial Average performers included Intel Corporation (NASDAQ:INTC), up 2.16%, Goldman Sachs Group Inc (NYSE:GS), up 1.92%, and International Business Machines (NYSE:IBM), up 1.66%.
The Dow Jones Industrial Average's worst performers included The Travelers Companies Inc (NYSE:TRV), down 3.84%, Coca-Cola Company (NYSE:KO), down 2.87%, and United Technologies Corporation (NYSE:UTX), down 1.94%.
European indices, meanwhile, ended the day higher.
After the close of European trade, the DJ Euro Stoxx 50 rose 1.72%, France's CAC 40 rose 1.50%, while Germany's DAX rose 1.27%. Meanwhile, in the U.K. the FTSE 100 rose 0.99%.