Wells Fargo results were less upbeat,as its profit slid 26 per cent due to sinking mortgage income and legal costs. Goldman Sachs'profit miss was attributed to weak underwriting. Wells Fargo rose 2.8 per cent,while Goldman gained 1 per cent.
Prescription drug sales helped drive Johnson&Johnson's upside surprise,while UnitedHealth raised its 2019 guidance on pharmacy benefit growth. Their shares were up 1.9 per cent and 8.2 per cent,respectively.
Analysts currently expect S&P 500 third-quarter earnings to have contracted by 3 per cent from last year,down from the 12.1 per cent growth seen a year ago,according to Refinitiv data.
Of the 34 S&P 500 companies that have reported so far,88.2 per cent have come in above consensus estimates.
The Dow Jones Industrial Average rose 292.98 points,or 1.1 per cent,to 27,080.34,the S&P 500 gained 35.49 points,or 1.2 per cent,to 3,001.64 and the Nasdaq Composite added 114.98 points,or 1.4 per cent,to 8,163.63.
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Among the 11 major sectors in the S&P 500,eight were in the black,with healthcare,communications services and financials enjoying the largest percentage gains.
Blackrock Inc,the world's largest asset manager,beat analyst estimates on strong inflows into its fixed income and cash management business,sending its stock up 2.7 per cent.
In other news,shares of Roku Inc surged 10.8% after the announcing Apple Inc's TV app was available on its platform and Apple TV+ would be available after it was launched.
Bank of America,expected to post results on Wednesday,rose 2.8 per cent after a Bloomberg report that Warren Buffett'Berkshire Hathaway was seeking permission from the Federal Reserve to boost his stake in the bank above 10 per cent.