Wall Street Rises as Earnings Whip Up Risk Appetite

Wall Street Rises as Earnings Whip Up Risk Appetite
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City on Oct. 18, 2021. Brendan McDermid/Reuters
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U.S. stock indexes rose on Tuesday as upbeat results from Johnson & Johnson and Travelers fired up risk appetite, after big banks kicked off the third-quarter reporting period on a positive note last week.

The benchmark S&P 500 index is now less than 1 percent away from a record high hit in early September, with investors hoping that a flow of better-than-expected earnings reports will push the market to new highs despite concerns about an eventual tightening of monetary policy.