U.S. stocks open higher on upbeat earnings

U.S. stocks opened higher Tuesday as Wall Street digested a batch of generally positive quarterly earnings reports.

Shares of the Goldman Sachs Group, Inc. jumped over two percent in the early trading Tuesday after the U.S. bank posted strong quarterly results.

Shares of BlackRock, Inc. rose about one percent in the early trading Tuesday after the company delivered quarterly earnings above estimates but revenues shy of forecast.

Shares of Johnson & Johnson fell nearly one percent in the early trading Tuesday even though the drug giant reported better-than-expected quarterly results.

On the economic front, the Consumer Price Index for all urban consumers increased 0.3 percent in September on a seasonally adjusted basis, on par with market consensus, the U.S. Labor Department reported Tuesday.

Over the last 12 months, the all-items index rose 1.5 percent before seasonal adjustment.

Shortly after the opening bell, the Dow Jones Industrial Average rose 50.27 points, or 0.28 percent, to 18,136.67. The S&P 500 gained 13.70 points, or 0.64 percent, to 2,140.20. The Nasdaq Composite Index increased 54.63 points, or 1.05 percent, to 5,254.46.

On Monday, U.S. stocks ended mildly lower as investors digested remarks from the U.S. Federal Reserve Vice Chairman Stanley Fischer. Endi