Stocks Ended Higher, S&P 500 Neared Record High

U.S. stocks finished higher Tuesday, with the S&P 500 near to a record high, as investors focused on solid corporate quarterly results over worries on U.S. trade relations with international counterparts.The Dow Jones Industrial Average rose 126.73 points, or 0.5%, to 25,628.91. The S&P 500 gained 8.05 points, or 0.28%, to 2,858.45. the Nasdaq Composite added 23.99 points, or 0.31%, to 7,883.66.

Crude-oil prices finished in positive territory Tuesday, with reinstated U.S. sanctions against Iran seen as a threat to global supplies. West Texas Intermediate futures for September delivery rose 16 cents, or 0.2%, to $69.17 a barrel. Brent crude for October was up 54 cents, or 0.7%, to $73.75 a barrel.

Snap (SNAP) reported second-quarter earnings that beat estimates. The company reported second-quarter net losses of $353.3 million, or 27 cents a share, compared with losses of $443.1 million, or 36 cents a share, in the year-ago period.Revenue rose to $262.3 million from $181.7 million in the year-ago period.

Walt Disney Co reported a 7 percent rise in quarterly revenue on Tuesday. Net income attributable to Disney rose to $2.92 billion, or $1.95 per share, in the third quarter ended June 30, from $2.37 billion, or $1.51 per share, a year ago.

Americans increased their borrowing in June at the slowest annual pace in three months as the level of credit card debt fell slightly. The Federal Reserve said Tuesday that consumer debt rose a seasonally adjusted $10.2 billion in June from the prior month to a total of $3.91 trillion. Consumer borrowing increased at an annual rate of 3.1 percent in June.

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