REUTERS: U.S. stocks rose on Tuesday, powered by stellar results from healthcare conglomerate Johnson & Johnson and gains in technology stocks, with the benchmark S&P 500 less than a percent away from its all-time high.
"UnitedHealth and Johnson & Johnson raising their forecast is a hugely good thing as heading into the year we thought we might see an earnings pause or an earnings recession," said Kim Forrest, chief investment officer at Bokeh Capital Partners in Pittsburgh. Of the 33 S&P 500 companies that reported through Monday, 81.8per cent came in above estimates, above the 76per cent average of the past four quarters, according to Refinitiv data.
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