Dow Surges 557 Points
Dow Surges 557 Points

US stocks rose on Tuesday as investors weighed second-quarter earnings results for US banks against spiking coronavirus cases.

JPMorgan gained after earnings beat Wall Street expectations.

Wells Fargo slumped after reporting a loss and cutting its dividend.

Coronavirus cases continue to climb in the US, forcing states to rollback reopening plans and threatening the economic recovery from the pandemic recession.