U.S. stock benchmarks opened higher Tuesday morning, with analysts citing progress toward easing coronavirus lockdowns as investors weighed earnings from blue-chip companies, including Merck and 3M Co. , Caterpillar and Pfizer . The Dow Jones Industrial Average gained 361 points, or 1.5%, at 24,505, the S&P 500 index advanced 1.4% at 2,818, and the Nasdaq Composite Index climbed 0.9% at 8,807. The gains for the S&P 500 and the Dow put them at around their highest levels since early March. In corporate news, shares of 3M Co. were up ahead of the opening ball after it announced earnings and sales that beat expectations, while withdrawing its outlook for the full year. Shares of PepsiCo Inc. rose after the beverage giant topped Wall Street expectations for sales but missed on earnings, while withdrawing its financial guidance for the rest of the year due to the COVID-19 pandemic. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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