03:54 PM EDT, 10/28/2025 (MT Newswires) -- US equity indexes rose ahead of the close on Tuesday amid gains from quarterly earnings and corporate actions that boosted the so-called AI trade.

The Nasdaq Composite jumped 0.9% to 23,847.5, with the S&P 500 up 0.3% to 6,897.3, and the Dow Jones Industrial Average 0.4% higher at 47,739.8. Technology, consumer discretionary, and materials were the only gainers intraday. Utilities and real estate led the decliners.

Six Magnificent-7 stocks rose, with Nvidia ( NVDA ) and Microsoft ( MSFT ) leading the pack of companies that individually have a market capitalization of more than $200 billion. Five Mag-7 members -- Microsoft ( MSFT ), Meta Platforms ( META ) , Alphabet (GOOGL, GOOG), Apple ( AAPL ) , and Amazon ( AMZN ) -- will report quarterly earnings on Wednesday and Thursday.

Apple ( AAPL ) briefly topped the $4 trillion market capitalization intraday on Tuesday ahead of earnings on the following day post-bell. Baird adjusted its price target for the iPhone manufacturer's shares to $280 from $230, while maintaining its outperform rating.

PayPal ( PYPL ) lifted its full-year earnings outlook on Tuesday and announced a partnership with Microsoft ( MSFT )-backed OpenAI to integrate its payment system within ChatGPT. Shares of PayPal ( PYPL ) rose 5.1%, among the leaders on the Nasdaq.

Nvidia ( NVDA ) plans to make a $1 billion equity investment in Nokia ( NOK ) to acquire a 2.9% stake in the Finnish company. Shares of Nokia ( NOK ) catapulted 23%.

United Parcel Service ( UPS ) reported Q3 non-GAAP earnings fell from a year ago but still beat analysts' expectations. The company's guidance for Q4 sales was above consensus and said it achieved $2.2 billion of cost savings over the course of the past nine months. Shares advanced 3.9%, among the biggest outperformers on the S&P 500.

Most US Treasury yields fell, with the 10-year yield down 1.8 basis points to 3.98%.

West Texas Intermediate crude oil futures dropped 2.2% to $59.94 a barrel.