Stocks Closed Higher on Earnings, Nasdaq Broke 6,000

U.S. stocks closed higher on Tuesday, with the Nasdaq broke the psychological milestone of 6,000 for the first time, as positive earnings reports lifted the markets. The Dow Jones Industrial Average rose 232.23 points, or 1.12%,to 20,996.12. The S&P 500 gained 14.46 points, or 0.61%, to 2,388.61. The Nasdaq Composite added 41.67 points, or 0.70%, to 6,025.49.

Oil futures settled higher on Tuesday, ending a six-session losing streak that had taken the U.S. benchmark to its lowest settlement of the month. June West Texas Intermediate crude climbed by 33 cents, or 0.7%, to settle at $49.56 a barrel. June Brent crude added 50 cents, or 1%, to $52.10 a barrel

Caterpillar Inc. raised its revenue outlook to a range of $38 billion to $41 billion, up from its range given in January of between $36 billion and $39 billion. It also now sees profit per-share coming in near $3.75, excluding restructuring costs, much better than its prior guidance of $2.90.

McDonald’s Corp. posted robust same-store sales in the U.S. and globally. McDonald’s earned $1.21 billion, or $1.47 a share, up from $1.12 billion, or $1.25 a share, a year earlier. Revenue slipped 3.9% to $5.68 billion.

Chipotle on Tuesday reported first-quarter sales and earnings that topped Wall Street’s expectations. It earned $1.60 per share, turning a profit after incurring a loss in the same quarter a year ago. Revenues totaled $1.07 billion.