Stocks push higher, shaking off earlier losses amid strong earnings

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Stocks rose on Tuesday, with investors’ growth concerns and worries over the Delta variant’s spread at least temporarily outweighed by optimism over a batch of better-than-expected quarterly earnings results.

The S&P 500 and Dow were higher heading into the afternoon session, with the latter up more than 150 points, or 0.8%, to trade near an all-time high. The Nasdaq also pushed higher, but lagged compared to the other major indexes as Big Tech stocks came under pressure.

Under Armour’s (UAA) stock rose after the athletic-wear maker topped second-quarter sales estimates and boosted its full-year earnings outlook. Simon Property Group (SPG) shares also advanced after the company posted second-quarter results that handily exceeded estimates, raised its guidance and increased its dividend, with the mall real estate operator seeing occupancy rates and foot traffic improving alongside the reopening of the economy. Shares of video game-maker Take-Two…

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