(AP Photo/Richard Drew)
Stocks were rising Tuesday morning after a trio of Dow components beat consensus earnings estimates and the S&P 500 was within striking distance of another milestone.
EI du Pont de Nemours DD -0.09% beat estimates by a penny with $1.28 earnings per share, and said it will conduct a strategic review of its performance chemicals segment, which includes the attractive cash flows of its titanium dioxide paint business.
Travelers Cos TRV -3.77% gave up its own pre-market gain, despite easily topping the consensus call for EPS of $1.60 with earnings of $2.13 per share. The insurance company benefited from lower weather-related payouts and improved pricing overcame a slower pace of new policies written.
Rounding out the Dow group reporting Tuesday United Technologies UTX +2.95% earned $1.70 a share, easily ahead of the $1.56 consensus. The conglomerate, which makes everything from aircraft engines to Otis elevators, also raised its 2013 forecast and touted the benefits from its acquisition ofGoodrich GR NaN%.
The Dow Jones industrial average itself was up 51 points, 0.3%, to 15,596 at the open. The S&P 500 was flirting with the 1,700 level, up 2 points, 0.1%, to 1,698, while the Nasdaq added 3 points, 0.1%, to 3,604.
Outside the Dow the earnings picture was a bit more mixed. Netflix NFLX -4.53%beat estimates Monday afternoon, but its wide-ranging forecast and fewer subscriber additions than anticipated had shares lower Tuesday.
Apple AAPL -1.76% meanwhile, was narrowly in the red ahead of its quarterly report due after the closing bell. Expectations are for another year-over-yeardecline in earnings, but investors will also be hoping for any clues about the new products CEO Tim Cook has promised for the fall.
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