US stocks climbed for the fourth straight day Tuesday as strong earnings continued to pull the market closer to the record high it set in late January.
Industrial companies rose and banks moved higher as interest rates increased. Gains for Microsoft and Google’s parent company, Alphabet, helped technology companies.
Companies including Hertz, Etsy, and Mosaic climbed after their results surpassed investors’ forecasts. Tesla surged after CEO Elon Musk said he might take the company private.
Gina Martin Adams, chief equity strategist for Bloomberg Intelligence, said companies are reporting huge profit and revenue growth. That has nudged aside concerns about trade tensions with China, Europe, Canada, and Mexico.
‘‘Very strong top line and bottom line growth from the vast majority of companies overwhelmed any fears that started to bubble up in June,’’ she said.
She added that the tariffs the United States and its trading partners have announced recently are still small and haven’t affected the broader market much.
The S&P 500 index rose 0.3 percent, to 2,858.45. The Dow Jones industrial average jumped 0.5 percent, to 25,628.91. The Nasdaq Composite gained 0.3 percent, to 7,883.66. The Russell 2000 index of smaller-company stocks edged up 0.2 percent, to 1,688.30.
The S&P 500 closed at an all-time high Jan. 26. After that, it dropped 10 percent in nine days as investors worried about signs that inflation was accelerating. That hasn’t materialized, but trade fears have weighed on the market since then.