Stocks Ended Higher on Earnings Optimism, Lira Rebound

U.S. stocks ended higher on Tuesday as a string of healthy earnings boosted investor optimism and a rebound in the Turkish lira eased contagion fears. The Dow Jones Industrial Average rose 112.22 points, or 0.45%, to 25,299.92. The S&P 500 gained 18.03 points, or 0.64%, to 2,839.96. The Nasdaq Composite added 51.19 points, or 0.65%, to 7,870.89.

Oil futures gave up small gains to end slightly lower Tuesday, feeling renewed pressure as the dollar found its footing and investors prepared for data on U.S. crude inventories. West Texas Intermediate crude for September delivery fell 16 cents, or 0.2%, to $67.04 a barrel. October Brent crude lost 15 cents, or 0.2%, to $72.46 a barrel.

Advance Auto Parts Inc. (AAP) beat second-quarter profit and sales expectations, raised its full-year revenue outlook and announced a new share repurchase plan. Net income rose to $117.8 million, or $1.59 a share, from $87.0 million, or $1.17 a share, in the same period a year ago. Sales rose 2.8% to $2.33 billion.

Intel Corp. shares dipped after the company, whose processors power the majority of the world’s computers, revealed another potential security flaw that could allow illicit access to data.