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US equities rose on Tuesday, with a string of upbeat results in the third quarter, bringing buyers back to the market.
All three major U.S. stock indexes rose, with the S & P 500 and Nasdaq closing at their highest levels in more than three weeks.
Charlie Ripley, senior market strategist at Allianz investment management, said: "today's market is full of positive performance news, indicating that things are not as bad as investors think."
"We've been in a news driven market for the past few months," Ripley added, "but there's been some progress in recent developments that allow investors to turn their attention to more fundamental things like performance and upcoming economic data."
In addition to positive geopolitical developments, investors welcomed news that the UK and the EU could reach an agreement ahead of this week's leaders' summit.
JPM. N, C.N, GS. N and WFC. N all reported results, while JNJ. N and United Health Group (unh. N) also reported results today.
Among the big banks, JPMorgan's share price hit a record high, closing 3.0% higher after the bank reported quarterly results that easily exceeded expectations, helped by strong bond trading and underwriting business performance.
Citigroup jumped 1.4% after reporting better than expected quarterly earnings.
Wells Fargo's results were less positive, with quarterly earnings down 26% due to lower mortgage revenues and legal costs. Goldman's profit fell short of expectations as underwriting was weak. Wells Fargo rose 1.7%, while Goldman Sachs edged up 0.3%.


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