Here Are 3 Hot Things to Know About Stocks Right Now

  • The Dow Jones Industrial Average finished higher Tuesday as strong earnings reports from JPMorgan Chase (JPM) - Get Report  , UnitedHealth (UNH) - Get Report and Johnson & Johnson (JNJ) - Get Report overrode investors' lingering questions about the fate of U.S.-China trade talks.
  • Wells Fargo (WFC) - Get Report rose even after reporting quarterly earnings per share well below analysts' estimates. Wells Fargo is Real Money's Stock of the Day.
  • Goldman Sachs (GS) - Get Report rose even after the investment bank posted weaker-than-expected third-quarter earnings. 

Wall Street Overview

Stocks finished near record highs Tuesday as strong earnings reports from JPMorgan Chase (JPM) - Get Report  , UnitedHealth (UNH) - Get Report and Johnson & Johnson (JNJ) - Get Report overrode investors' lingering questions about the fate of U.S.-China trade talks.

The Dow Jones Industrial Average ended up 237 points, or 0.89%, to 27,025, the S&P 500 advanced 1%, and the Nasdaq climbed 1.24%.

Intel (INTC) - Get Report and Caterpillar (CAT) - Get Report were also among the Dow's big winners. Nvidia (NVDA) - Get Report  , JDcom (JD) - Get Report and Liberty Global (LBTYK) - Get Report were some of the Nasdaq's top gainers.

Tuesday's activity was in sharp contrast to Monday's session when markets finished lower as investors retreated from a lack of detail in what President Donald Trump called the "phase one" portion of the current negotiations between Washington and Beijing and reports suggesting Chinese officials want more time to negotiate terms of a final settlement next month.

Wells Fargo (WFC) - Get Report rose 1.7% to $50.11 even after the financial services giant delivered a big earnings disappointment, reporting quarterly earnings per share well below analysts' estimates. Wells Fargo is Real Money's Stock of the Day.

Goldman Sachs (GS) - Get Report rose slightly to $206.46 even after the investment banker posted weaker-than-expected third-quarter earnings.

JPMorgan Chase (JPM) - Get Report climbed 3% to $119.96 after the financial services company posted better-than-expected third-quarter earnings.

Citigroup (C) - Get Report climbed 1.4% to $71.25 after the financial services company posted stronger-than-expected third-quarter earnings, but an increase in net credit losses and a slip in a key measure of lending profits, kept share gains in check.

Johnson & Johnson (JNJ) - Get Report rose 1.6% to $132.84 after the drug manufacturer posted stronger-than-expected third-quarter earnings.

UnitedHealth Group (UNH) - Get Report advanced 8.2% to $238.59 after the health care company posted stronger-than-expected third-quarter earnings Tuesday, and boosting its full-year profit forecasts.

The International Monetary Fund forecast in its biannual World Economic Outlook that the global economy will grow by its slowest pace since the financial crisis.

"Growth continues to be weakened by rising trade barriers and increasing geopolitical tensions," Gita Gopinath, the IMF's economic counselor and director of research, said in a statement. "We estimate that the U.S.-China trade tensions will cumulatively reduce the level of global GDP by 0.8% by 2020."

Citigroup, Caterpillar, Goldman Sachs, JPMorgan Chase, Johnson & Johnson, Nvidia and UnitedHealth Group are holdings in Jim Cramer's Action Alerts PLUS member club. Want to be alerted before Jim Cramer buys or sells the stocks? Learn more now.