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Stock market today: US stocks climb as earnings season kicks into high gear

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Earnings

The wait for Tesla results is on as investors look to Big Tech earnings to buoy stocks.

US stocks climbed on Tuesday, on track for further gains as tech-focused investors prepared for a fresh wave of earnings highlighted by struggling Tesla . The S&P 500 rose about 0.5% after staging a comeback from a six-day run of losses the previous session. The Dow Jones Industrial Average inched up roughly 0.4%, while contracts on the tech-heavy Nasdaq Composite also stepped up 0.4%.

Many in the market are looking to this week's rush of Big Tech earnings to pull stocks out of the slump that has dogged them since the start of the year — though some on Wall Street hold out less hope. Tesla's earnings are likely to be a catalyst for the S&P 500, given the stock's weight in the index.

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