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S&P 500 scales new high on upbeat corporate earnings; GE jumps 8%

The Dow Jones Industrial Average rose 8.5 points, or 0.03%, at the open to 30968.55

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The S&P 500 rose 7.6 points, or 0.20%, at the open to 3862.96, while the Nasdaq Composite rose 45.7 points, or 0.34%, to 13681.717 at the opening bell

Devik Jain and Medha Singh | Reuters
US stocks rose on Tuesday with the S&P 500 hitting another record high as positive earnings updates from a slew of companies including Dow components 3M and Johnson & Johnson supported sentiment.

Johnson & Johnson rose 3.6% after the drugmaker forecast 2021 profit above estimates and promised data from its widely watched coronavirus vaccine trial soon.
 
3M Co, which makes N95 face masks and Post-it notes, added 2.5% after it reported a better-than expected quarterly profit helped by lower costs and higher demand for its healthcare products during the pandemic.
 
"So far earnings have been really strong and the market is