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Markets Right Now: Stocks climb on strong earnings

NEW YORK, N.Y. – The latest on developments in financial markets (All times local):

9:35 a.m.

U.S. stocks are rising further into record territory in early trading a day after rising energy prices lifted equities to new heights.

Strong quarterly earnings from a raft of food and retail companies also boosted stocks on Tuesday.

Campbell Soup gained 4 per cent and Hormel rose 5 per cent.

Discount retailer Dollar Tree jumped 9 per cent and Burlington Stores soared 16 per cent.

The Dow Jones industrial average rose 34 points, or 0.2 per cent, to 18,991. The Standard & Poor’s 500 index gained 4 points, or 0.2 per cent, to 2,203. The Nasdaq composite added 19 points, or 0.4 per cent, to 5,389.