Disney, Kraft, IBM: Dow Movers
NEW YORK (TheStreet) -- U.S. stocks soared Tuesday as global worries subsided and first-quarter earnings season continued to exceed expectations.
The Dow Jones Industrial Average rose 194 points, or 1.5%, to close at 13,115 on Tuesday. The S&P 500 increased 1.6% to 1391 and the Nasdaq Composite gained 1.8% to 3043.
Breadth within the Dow was positive with all 30 of the index's components posting gains.
Shares of Walt Disney rose 2.45% to $42.68. The media company is going to produce the third Iron Man movie in China, according to The Wall Street Journal.
TheStreet Ratings gives Walt Disney an A- grade with a buy rating and $48.68 price target.
Kraft Foods shares increased 2.39% to $38.48. TheStreet Ratings gives Kraft Foods an A+ grade with a buy rating and $47.27 price target.
Shares of IBM rose 2.33% to $207.45 during the trading day but pulled back in the extended session after Big Blue's first-quarter earnings report.
TheStreet Ratings gives IBM an A+ grade with a buy rating and $266.87 price target.
Dow component Intel(INTC) topped Wall Street's earnings view for the first quarter but the company forecast a sequential decline in non-GAAP gross margins in the second quarter.
Shares of the world's biggest chip maker rose 6 cents, or 0.23%, in regular trading on Tuesday to $28.47 but dropped 2% in the extended session.