Tech stocks loss, Wall Street leading market higher

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NEW YORK (AP) — Stocks rose broadly on Wall Street in afternoon trading Tuesday as technology stocks rallied following a weak start.

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The S&P 500 rose 1.3% as of 2:45 p.m. Eastern. The Dow Jones Industrial Average rose 393 points, or 1.2%, to 34,808.

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The tech-heavy Nasdaq shook off an early loss and was up 1.8%. Technology stocks helped power the broad gains.

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Pricey valuations for many of the bigger technology companies give them more sway in directing the broader market higher or lower. Microsoft rose 1.2%. [{ "selector": ".dmdgx-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "transform": "translateX(-319px) rotate(-580deg)", "opacity": 1}, {"offset": 1, "transform": "translateX(0) rotate(0deg)", "opacity": 1} ] }]

Retailers and health care companies also rose. Amazon rose 2.9%. Johnson & Johnson rose 3.3% after reporting surprisingly

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Good earnings while also raising its dividend. Banks gained ground along with rising Treasury yields, which allow them to charge higher interest rates on loans.

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The yield on the 10-year Treasury rose to 2.92% from 2.85% late Monday. Bank of America rose 1.7%. Smaller company stocks outpaced

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The broader market in a sign of confidence about economic growth. The Russell 2000 rose 2%. Energy stocks lagged the broader market.

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U.S. crude oil prices fell 5.2% and natural gas prices slumped 8.2%. Wall Street is increasingly focusing on the latest round of corporate report cards

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As more big companies release their earnings. Signature Bank jumped 8% after beating analysts’ expectations. Dental products maker

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Dentsply Sirona slumped 12.2% after firing its CEO without giving a reason, along with issuing a profit forecast for the current quarter

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That was far below analysts’ estimates. Netflix is on deck to report earnings after the market closes Tuesday. Railroad giant CSX will report earnings on Wednesday, along with Tesla. [{ "selector": ".sprdk-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "transform": "translateX(-333px) scale(0.15)", "opacity": 1}, {"offset": 1, "transform": "translateX(0) scale(1)", "opacity": 1} ] }]

American Airlines and Union Pacific will report their results on Thursday. [{ "selector": ".bcdtm-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "transform": "translateX(-294px) scale(0.15)", "opacity": 1}, {"offset": 1, "transform": "translateX(0) scale(1)", "opacity": 1} ] }]

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