Stocks advanced on Tuesday, driven by strong quarterly performances from companies like Palantir Technologies and Caterpillar.
Meanwhile, oil prices declined amid optimism that a U.S.-Iran agreement to reopen the Strait of Hormuz may be imminent.
The S&P 500 rose by 0.5%, reaching a new intraday high, while the Nasdaq Composite increased by 0.9%, with Palantir soaring over 20%.
The Dow Jones Industrial Average climbed 772 points, or 1.4%, boosted by a 10% surge in Caterpillar shares.
Source (CNBC)
