Stocks Opened Higher, Dow Gained More Than 200 Points

U.S. stocks opened higher on Tuesday as investors focused on strong corporate results. The Dow Jones Industrial Average lately rose 196.44 points, or 0.78%, to 25,446.99. The S&P 500 advanced 21.28 points, or 0.77%, to 2,772.07. The Nasdaq Composite added 80.28 points, or 1.08%, to 7,511.03.

Oil futures lost ground Tuesday on expectations for rising U.S. inventories and doubts that tensions between the U.S. and Saudi Arabia over the disappearance of a Saudi journalist will result in the kingdom curtailing supplies. West Texas Intermediate crude for November delivery fell 53 cents, or 0.7%, to $71.25 a barrel, while December Brent crude was off 62 cents, or 0.7%, at $80.17 a barrel.

Goldman Sachs (GS) reported stronger-than-expected third-quarter earnings results, driven by its investment banking business. The bank delivered adjusted earnings per share of $6.28 beating analysts’ expectations of $5.38. Revenue for the quarter came in at $8.65, topping estimates of $8.36 billion.