Stock market today: S&P 500, Nasdaq notch big gains as Tesla kicks off 'Magnificent 7' earnings

US stocks secured gains across the board on Tuesday, as tech-focused investors prepared for a fresh wave of earnings highlighted by struggling Tesla . The tech-heavy Nasdaq Composite led the trading day, surging about 1.6%. The benchmark S&P 500 rose about 1.2% after staging a comeback from a six-day run of losses the previous session. The Dow Jones Industrial Average climbed roughly 0.7%.

Tesla's earnings will likely be a catalyst for the S&P 500, given the stock's weight in the index. The results, due after the market close, are seen as pivotal for Elon Musk's EV maker, whose shares have been hit hard by a disappointing delivery outlook, the cancellation of plans for a long-awaited sub-$30,000 model, and a strategy switch to robotaxis, among other headwinds.

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