Stocks End Higher, Energy Shares Rally

U.S. stocks closed mostly higher on Tuesday, led by gains in energy companies, as investors reacted to mixed corporate earnings. The Dow Jones industrial average rose 59.66 points, or 0.33%, to 18,036.70. The S&P 500 rose 3.41 points, or 0.16%, to 2,095.84. The Nasdaq fell 10.96 points, or 0.22%, to 4,977.29.

JPMorgan (NYSE: JPM) released its results on Tuesday, which beat expectations. It reported $24.8 billion in revenue, or $1.45 earnings per share. The bank was expected to earn $24.5 billion, or $1.40 earnings per share, in the first quarter.

Chipmaker Intel Corp forecast a 3 percent jump in current-quarter revenue, based on expectations of stronger demand for its personal computer chips and continued strength in its data center business. The company’s net income rose to $1.99 billion, or 41 cents per share, in the first quarter ended March 28 from $1.93 billion, or 38 cents per share, a year earlier.

Apple Inc. has acquired Israeli camera-technology company LinX Computational Imaging Ltd. The companies had been discussing an acquisition price of about $20 million, according to people familiar with the matter.

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