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Market Snapshot: U.S. stocks climb; Goldman rallies after beating estimates

U.S. stocks rose Tuesday as investors welcomed better-than-expected quarterly results from Goldman Sachs Group Inc. and inflation data that was in line with forecasts.

Higher oil prices were also helping sentiment, according to analysts.

The S&P 500 index SPX, +0.55% gained 17 points, or 0.8%, to 2,143 with all 11 main sectors trading higher. Health-care and materials sectors led the gains, up about 1%.

“It would be interesting to see if the market is able to sustain gains and close higher, which has not been the case lately, when gains evaporated by the end of the day,” said Quincy Krosby, market strategist at Prudential Financial.

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