Stocks Closed Higher on Strong Corporate Earnings

U.S. stocks closed higher Tuesday as investors welcomed stronger-than-expected quarterly results from a roster of companies. The Dow Jones Industrial Average rose 75.54 points, or 0.42%, to 18,161.94. The S&P 500 was up 13.10 points, or 0.62%, to 2,139.60. The Nasdaq Composite added 44.01 points, or 0.85%, to 5,243.84.

Yahoo Inc. posted better-than-expected results.Yahoo reported its third-quarter earnings more than doubled to $163 million, or 17 cents a share, from $76 million, or 8 cents a share, a year earlier. Revenue increased to $1.31 billion from $1.23 billion.

Intel Corp. reported an 8.7% rise in third-quarter earnings.The company posted net income of $3.4 billion, or 69 cents a share, compared with profit in the year-earlier period of $3.1 billion, or 64 cents a share. Revenue rose to $15.78 billion from $14.47 billion.

Oil settled higher on Tuesday as expectations of OPEC output curbs lifted prices despite forecasts that data would show a second straight weekly build in U.S. crude stockpiles.Brent crude settled up 16, or 0.3 percent, at $51.68 a barrel.U.S. West Texas Intermediate (WTI) crude rose 35 cents, or 0.7 percent, to settle at $50.29.