U.S. Stocks Gain Steam as Inflation Rises; United Airlines Shares Decline on Earnings

U.S. stocks rose Tuesday as inflation in September increased in-line with what economists were expecting. The consumer price index gained 0.3% during the month, while the core consumer price index, which excludes food and energy rose 0.2% month-over-month. Analysts were forecasting a 0.1% rise. Goldman Sachs (GS) - Get Report shares were higher, after posting strong third quarter results. Earnings of $4.88 a share beat estimates of $3.82. Revenue of $8.17 billion topped forecasts of $7.42 billion. The bank's fixed income, currency and commodities space saw a 34% rise in year-over-year revenue to $1.96 billion, thanks to volatility driven by the UK's decision to withdraw from the European Union. Shares of United Continental Holdings (UAL) - Get Report , the parent company of United Airlines, fell despite reporting earnings of $3.11 a share, beating Wall Street's estimates. Net income declined 80% year-over-year during the quarter to $965 million, compared to $4.8 billion in the same quarter a year ago amid one-time tax expenses. Revenue of $9.9 billion fell 3.8% year-over-year. TheStreet's Scott Gamm reports from Wall Street.