US shares climb as Dow sets record on industrial-stock rally

Bloomberg

U.S. stocks climbed on Tuesday as investors assessed data on the country’s trade deficit and continued to sift through earnings reports for clues on the economy’s health.
The S&P 500 Index added 0.3 percent to 2,299.32 at 9:45 a.m in New York, while the Dow Jones Industrial Average climbed 100 points to an intraday record of 20,149. The S&P 500 fell 0.2 percent on Monday, in tandem with global equity markets, as energy stocks slumped with oil.
Industries mixed in early trading with energy shares down as industrial shares lead advance, up 0.5% Tech and financials up at least 0.3% Energy producers little changed after weighing on market on Monday as oil slides for second day VIX down 1.5% to 11.2 after rising Monday The U.S. Commerce Department said the December trade deficit was little changed at $44 billion, compared with an estimate of $45 billion; the shortfall was marked by weaker overseas sales of U.S.-produced goods and stronger domestic demand for imported products as the dollar rallied in the second half of 2016 Almost 30 members of the S&P 500 report quarterly results today, including Walt Disney Co. and General Motors Co. With more than half the S&P 500 stocks having released earnings this season, about three-quarters beat profit estimates and about half beat sales estimates, according to data compiled by Bloomberg