GM - Markets Continue Positive

The S&P 500 edged higher Tuesday, with traders readying for earnings reports from major companies, after the benchmark posted its best day in more than a month.

The Dow Jones Industrials galloped 93.29 points to 40,508.73.

The much-broader index gained 16.76 points to 5,581.47.

The NASDAQ hiked 89.44 points to 18,097.01.

Wall Street continued assessing the latest second-quarter earnings reports, with Google-parent Alphabet and Tesla due to report after the bell.

Those reports will mark the Street's first look at how major tech-related names fared over the past three months.

General Motors posted second-quarter results that easily beat analyst expectations but shares dipped 4%. UPS missed on the top and bottom lines, sending the stock down more than 12%.

Earnings season is off to a strong start. About 20% of S&P 500 companies have posted second-quarter results, with 80% of those names beating expectations

Prices for the 10-year Treasury gained ground, lowering yields to 4.23% from Monday's 4.26%. Treasury prices and yields move in opposite directions.

Oil prices dipped $1.81 at $76.59 U.S. a barrel.

Gold prices jumped $10.90 to $2,405.60.