traders
Traders on the floor of the New York Stock Exchange.
Brendan McDermid/Reuters
  • Major indexes rose Tuesday after losing ground a day earlier.
  • Earnings reports continue to roll in, including better-than-expected earnings from Marriott.
  • Tyson Foods becomes the latest company to require vaccination for workers to combat COVID-19.
  • See more stories on Insider's business page.

US stocks rose modestly Tuesday as more companies turned in earnings reports that surpassed analyst expectations while investors continued to assess developments from the COVID-19 front and their potential impact on the economy.

The major stock indexes moved higher after falling on Monday as a slowdown in the manufacturing sector stoked growth worries.

More S&P 500 companies released quarterly reports on Tuesday, with Marriott, providing some insight into the health of the travel industry, posting second-quarter adjusted earnings above expectations. Under Armour's quarterly earnings surpassed Wall Street's target for the athletic wear maker, while earnings at Clorox disappointed following a surge in demand for cleaning products a year earlier.

Here's where US indexes stood at 9:30 a.m. on Tuesday:

"We maintain our 'glass half-full' orientation for U.S. equities. Rising revenue and earnings, generally restrained inflation, relatively low interest rates, ongoing monetary and fiscal stimulus policies and COVID-19 medical progress support our outlook for rising U.S. equities in 2021's second half," said Terry Sandven, chief equity strategist at U.S. Bank Wealth Management, in a note Tuesday.

More companies are trying to curb the spread of COVID-19, with meat producer Tyson Foods on Tuesday saying it will require its US workers to be vaccinated against coronavirus. McDonald's is mandating masks be worn in areas with high COVID-19 rates and Home Depot is asking customers to don masks and requiring workers to do so.

Around the markets, Tencent Holdings fell on concerns the Chinese government may next target the online entertainment industry as part of its ongoing regulatory crackdown.

Securities and Exchange Commission chief Gary Gensler in a wide-ranging interview with Bloomberg said he believes investors need more protection against fraud in the cryptocurrency market and that the SEC is looking at at least seven areas of the market, including decentralized finance and stablecoins.

Gold slipped 0.2% to $1,808.76 per ounce. Long-dated US Treasury yields edged up, with the 10-year yield at 1.19%.

Oil prices rose. West Texas Intermediate crude picked up 0.4%, to $71.52 per barrel. Brent crude, oil's international benchmark, gained 0.3% to $73.12 per barrel.

Bitcoin fell 1.8% to $38,529.77.

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