US stocks rose on Tuesday after several fourth-quarter earnings reports and outlooks came in higher than expected, putting the S&P 500 index on course to snap three straight sessions of declines. Homebuilder Lennar Corp surged 9.3 percent to $20.65 after posting a fourth-quarter profit sharply higher than expected.
The Dow Jones US Home Construction index jumped 3.9 percent and the PHLX Housing sector index gained 2.4 percent. The Dow Jones industrial average rose 53.32 points, or 0.46 percent, at 11,690.77. The Standard & Poor's 500 Index gained 6.28 points, or 0.49 percent, at 1,276.03. The Nasdaq Composite Index added 11.36 points, or 0.42 percent, at 2,719.16.