Investors are turning their attention to corporate earnings Tuesday after spending much of the last month preoccupied with the outlook for the Federal Reserve's stimulus.
Alcoa was the first major company to announce results. The aluminum maker late Monday reported a second-quarter loss that wasn't as big as expected.
Barnes and Noble rose 70 cents, or 4 per cent, to $18.36 after the bookseller said late Monday its CEO is leaving.
The Dow Jones industrial average rose 68 points, or 0.5 per cent, to 15,293 as of 12:26 p.m. Eastern Daylight Time. The Standard & Poor's 500 index gained 10 points, or 0.6 per cent, to 1,650. The Nasdaq composite rose 16 points, or 0.5 per cent, to 3,501.