ECONOMY

US stocks rise as corporate earnings and consumer confidence increase; Amgen jumps

In this Oct. 8, 2014 photo, people walk to work on Wall Street beneath a statue of George Washington, in New York. U.S. stocks rose early Tuesday, Oct. 28, 2014, as investors weighed earnings reports from several companies and awaited news from a two-day U.S. Federal Reserve meeting that ends tomorrow. (AP Photo/Mark Lennihan)

In this Oct. 8, 2014 photo, people walk to work on Wall Street beneath a statue of George Washington, in New York. U.S. stocks rose early Tuesday, Oct. 28, 2014, as investors weighed earnings reports from several companies and awaited news from a two-day U.S. Federal Reserve meeting that ends tomorrow. (AP Photo/Mark Lennihan)  (The Associated Press)

Earnings gains and higher consumer confidence numbers sent U.S. stock indexes higher.

The Standard & Poor's 500 index rose 23 points, or 1.2 percent, to 1,985 Tuesday.

The Dow Jones industrial average gained 187 points, or 1.1 percent, to 17,005. The Nasdaq composite rose 78 points, or 1.8 percent, to 4,564.

Amgen rose 6 percent after its earnings beat forecasts. Twitter dropped 10 percent as investors worried about user growth and revenue.

Investors are watching quarterly results roll in this week from a large group of companies. They are also waiting for Wednesday's policy announcement from the Federal Reserve, which is expected to wind down its bond-buying program.

Crude oil rose 42 cents to close at $81.42 a barrel.

The yield on the 10-year Treasury note rose to 2.29 percent.