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Stocks Rally Tuesday; Dow Posts Triple-Digit Gain, Topping 17,000

Positive earnings news helped drive stocks higher on Tuesday. The Dow Jones Industrial Average is back above 17,000 after posting triple-digit gains.

Positive earnings news helped drive stocks higher on Tuesday. The Dow Jones Industrial is back above 17,000 after posting triple digit gains. All the major markets are up better than 1% with Nasdaq higher on the month. Investors embraced earnings reports from Amgen (AMGN) and T-mobile (TMUS). Amgen shares spiked after the company raised its full-year outlook. T-Mobile jumped despite missing earnings on an increase of its subscribers. Sales talk pushed shares of Regal Entertainment (RGC) higher. The largest cinema chain in the country said it is considering strategic alternatives including selling itself. Merck (MRK) was by far the blue chips' worst performer. Investors didn't like that the company's earnings results were from cost-cutting, not strong sales. Kohl's (KSS) was one of the S&P's largest decliners after slashing its guidance for the full year. GoPro (GPRO) rose after a bullish call from Wedbush Securities which started coverage of the wearable camera maker with an OUTPERFORM rating.

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