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. US stocks rose on Tuesday as investors weighed second-quarter earnings results for US banks against spiking coronavirus cases. Shares of JPMorgan rose after the firm beat estimates for revenue and profit, powered by a surge in investment banking.