S&P 500 rises as strong earnings reports boost sentiment: European markets close higher as investors digest earnings; Bachem down 10% 
U.S. stock indexes gained on Tuesday as major companies continued to report strong third-quarter earnings, easing concerns that persistent Covid cases and rising costs would derail corporate America’s profit recovery. 
Johnson & Johnson also beat third-quarter earnings expectations by 25 cents per share. The health care stock ticked up around 3%. 
Procter & Gamble continued the bullish trend with better-than-expected earnings, but its shares dipped more than 1%. The consumer products giant said it is raising prices to cover rising commodity and freight costs and warned that inflation may continue. 
Elsewhere, Walmart shares gained more than 1% after Goldman Sachs added the big box retailer to its conviction buy list, saying the stock could rally nearly 40%. 

European stocks closed higher on Tuesday, as investors monitored corporate earnings and rising coronavirus cases in countries like the U.K. 
Earnings came from Danone, Kering, Vinci and Deutsche Boerse on Tuesday, while BHP released an operational review. 
In terms of individual share price movement, German mass media company ProSiebenSat.1 climbed 5.6% to lead the Stoxx 600. 
Source: CNBC, Investing.com