U.S. stocks rebound on upbeat earnings

U.S. stocks ended higher after wavering in a tight range Tuesday, as Wall Street cheered over a batch of generally positive quarterly earnings reports.

The Dow Jones Industrial Average gained 75.54 points, or 0.42 percent, to 18,161.94. The S&P 500 added 13.10 points, or 0.62 percent, to 2,139.60. The Nasdaq Composite Index increased 44.01 points, or 0.85 percent, to 5,243.84.

Shares of the Goldman Sachs Group, Inc. jumped 2.15 percent to 172.63 U.S. dollars Tuesday after the U.S. bank posted strong quarterly results.

Shares of BlackRock, Inc. rose 0.56 percent to 356.59 dollars apiece Tuesday after the company delivered quarterly earnings above estimates but revenues shy of forecast.

Shares of Johnson & Johnson dipped 2.60 percent to 115.41 dollars Tuesday even though the drug giant reported better-than-expected quarterly results.

The latest data from Thomson Reuters showed that the S&P 500 companies' blended earnings in the third quarter of 2016 are expected to rise 0.2 percent year on year, while the revenues are forecast to increase 2.5 percent.

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 said Tuesday.

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

"Just as falling energy prices weighed on headline CPI for much of 2015, rising energy prices boosted the headline CPI in September," said Sophia Kearney-Lederman, an economic analyst at FTN Financial, in a note. Endit