US close: Dow pushes higher amid earnings frenzy

The Dow pushed further into record territory on Tuesday, on the heels of a wave of better-than-expected corporate earnings updates.

At the close, the Dow Jones Industrial Average was up 0.72% at 23,441.76, the S&P 500 was ahead 0.16% at 2,569.13 and the Nasdaq 100 was 0.2% firmer at 6,080.22.

Stock in 3M, Caterpillar, GM and McDonald's were all putting on heavy gains after pleasing shareholders with their latest set of financials, with United Technologies one of the few exceptions, with its shares trading lower despite beating forecasts on the Street for its earnings per share.

The lone economic release on Tuesday was IHS Markit's manufacturing sector purchasing managers index for October, which printed at 54.5 - a nine month high - following a reading of 53.1 for September.

Back on the corporate front, shares of industrial conglomerate 3M rocketed 5.91% after the firm beat analysts' forecasts for both profits and sales and bumped up its outlook for earnings.

General Motors was 2.95% higher despite reporting an enormous third quarter loss of $2.98bn or -$2.03 on a per share basis, versus $1.76 per share of profits a year ago.

On an adjusted basis, however, earnings per share came in at $1.32 against a consensus for $1.11, while sales also fell by less than anticipated.

Shares of McDonald's were also wanted even after the fast food giant only managed to just meet analysts' estimates on both the top and bottom line.

Its stock was up 0.33%.

Heavy equipment manufacturer Caterpillar finished the day 4.98% higher after the company said it was seeing stronger demand for its wares across many of its end markets.

Dow Jones - Risers

3M Co. (MMM) $234.65 5.91%
Caterpillar Inc. (CAT) $138.24 4.98%
American Express Co. (AXP) $93.87 1.60%
JP Morgan Chase & Co. (JPM) $100.93 1.59%
Boeing Co. (BA) $266.05 1.40%
Goldman Sachs Group Inc. (GS) $244.84 1.12%
Visa Inc. (V) $108.41 0.82%
Home Depot Inc. (HD) $166.05 0.78%
Cisco Systems Inc. (CSCO) $34.58 0.67%
Apple Inc. (AAPL) $157.10 0.60%

Dow Jones - Fallers

International Business Machines Corp. (IBM) $155.87 -2.30%
General Electric Co. (GE) $21.89 -1.93%
Johnson & Johnson (JNJ) $141.66 -1.38%
United Technologies Corp. (UTX) $119.74 -0.95%
Travelers Company Inc. (TRV) $133.19 -0.94%
Wal-Mart Stores Inc. (WMT) $87.98 -0.76%
Walt Disney Co. (DIS) $98.29 -0.48%
Merck & Co. Inc. (MRK) $63.11 -0.46%
Nike Inc. (NKE) $53.42 -0.45%
Procter & Gamble Co. (PG) $87.00 -0.37%

S&P 500 - Risers

Corning Inc. (GLW) $31.94 6.43%
3M Co. (MMM) $234.65 5.91%
Caterpillar Inc. (CAT) $138.24 4.98%
Stanley Black & Decker Inc. (SWK) $165.73 4.77%
Alcoa Corporation (AA) $50.08 4.51%
CF Industries Holdings Inc. (CF) $37.61 3.58%
Hasbro Inc (HAS) $92.96 3.58%
Diamond Offshore Drilling Inc. (DO) $15.59 3.11%
Mosaic Company (MOS) $21.66 2.95%
Freeport-McMoRan Inc (FCX) $15.23 2.84%

S&P 500 - Fallers

Whirlpool Corp. (WHR) $163.26 -10.54%
PACCAR Inc. (PCAR) $70.38 -5.72%
W.W. Grainger Inc. (GWW) $198.35 -5.32%
Centene Corp. (CNC) $93.04 -5.07%
Fastenal Co. (FAST) $46.84 -4.25%
Interpublic Group of Companies Inc. (IPG) $19.81 -3.97%
Biogen Inc (BIIB) $315.73 -3.90%
Under Armour Inc. Class A (UAA) $16.30 -3.21%
Owens-Illinois Inc. (OI) $24.35 -3.10%
AbbVie Inc (ABBV) $91.69 -2.92%

Nasdaq 100 - Risers

Hasbro Inc (HAS) $92.96 3.58%
Activision Blizzard Inc. (ATVI) $62.73 2.07%
NetEase Inc. Ads (NTES) $280.54 1.98%
American Airlines Group (AAL) $51.95 1.90%
Netflix Inc. (NFLX) $196.02 1.84%
Norwegian Cruise Line Holdings Ltd. - Ordinary Shares (NCLH) $54.66 1.75%
Analog Devices Inc. (ADI) $90.29 1.71%
QUALCOMM Inc. (QCOM) $54.25 1.61%
Broadcom Limited (AVGO) $247.68 1.40%
T-Mobile Us, Inc. (TMUS) $62.28 1.32%

Nasdaq 100 - Fallers

PACCAR Inc. (PCAR) $70.38 -5.72%
Fastenal Co. (FAST) $46.84 -4.25%
Biogen Inc (BIIB) $315.73 -3.90%
Viacom Inc. Class B (VIAB) $25.65 -2.51%
Twenty-First Century Fox Inc Class B (FOX) $25.56 -1.73%
Twenty-First Century Fox Inc Class A (FOXA) $26.23 -1.72%
Celgene Corp. (CELG) $120.34 -1.66%
Liberty Global Plc Lilac Class A (LILA) $21.51 -1.47%
Regeneron Pharmaceuticals Inc. (REGN) $426.51 -1.44%
Charter Communications Inc. (CHTR) $340.26 -1.39%