Stocks Jumped after 5-day Slumped

U.S. stocks ended sharply higher on Tuesday, as investors looked past softer economic reports and a continued rout in China’s stock
market.The Dow Jones Industrial Average ended the day up 189.74 points, or 1.1%, to 17,630.27. The S&P 500 gained 25.61 points, or 1.2%, to 2,093.25. The Nasdaq Composite added 49.43 points, or 1%, to 5,089.21.

U.S. consumer confidence suffered its biggest blow in four years in July on a less upbeat jobs outlook, while home appreciation in major cities stalled in May, suggesting a spring pause in housing demand. The Conference Board, an industry group, said on Tuesday its index of consumer attitudes fell to 90.9 this month from a downwardly revised 99.8 in June. It fell far short of a forecast reading of 100.0.

Twitter announces quarterly earnings Tuesday as the social-networking company makes an important decision about its future leader. Cofounder and former CEO Jack Dorsey is running the company on an interim basis after Dick Costolo stepped down from the CEO perch at the end of the quarter, but Dorsey’s other startup, payments company Square, is reportedly planning to go public this year.