03:47 PM EDT, 04/23/2024 (MT Newswires) -- US benchmark equity indexes were higher ahead of Tuesday's close, as investors assessed the latest batch of corporate earnings and economic data while awaiting Tesla's (TSLA) results.

The Nasdaq Composite was up 1.7% at 15,711.2, while the S&P 500 gained 1.2% to 5,071.6. The Dow Jones Industrial Average rose 0.7% to 38,504.6. Among sectors, communication services and technology led the gainers. Materials was the sole decliner.

Electric vehicle maker Tesla is scheduled to report its latest quarterly financial results after the closing bell, along with other major names such as Visa (V) and Texas Instruments ( TXN ) .

The US two-year yield dropped 4.2 basis points to 4.93%, while the 10-year rate shed 1.6 basis points to 4.61%.

US private-sector growth slowed more than expected in April as new orders fell for the first time in six months, while business confidence dropped to the lowest since November, according to S&P Global's (SPGI) flash purchasing managers' index.

New single-family home sales in the US climbed 8.8% on a monthly basis in March to a seasonally adjusted annual rate of 693,000 from the previous month's downwardly revised print of 637,000, according to the Census Bureau and the Department of Housing and Urban Development.

West Texas Intermediate crude oil rose 1.8% to $83.37 per barrel.