The major averages closed higher today with a plethora of strong earnings results.

The Dow Jones Industrial Average rose 144 points, or 0.31%, to finish at 46,734. The S&P 500 rose 39 points or 0.58% while the Nasdaq Composite rose 201 points or 0.89% to settle at 22,941.

The earnings reports came in from the likes of Honeywell, Tesla, Union Pacific, IMAX, Blackstone, American Airlines, IBM, Roper, Auto Nation, T-Mobile, Ryder, Textron, Valero, Dover, Alliance Bernstein, Hasbro and Nokia.

Honeywell was a diamond in the Dow Jones today. Industrial stocks have performed well of late. IBM was modestly lower on earnings. T-Mobile was a dog, lower on earnings.

Interest rates were higher as President Donald Trump will meet with Chinese President Xi Jinping next Thursday in South Korea. The benchmark 10-year Treasury yield added 5 basis points to 4.00%. The 2-year Treasury note yield rose more than 4 basis points to 3.49%, as did the 30-year bond to 4.58%.

In the commodity space, oil jumped 5% as the Trump administration put more sanctions on Russian oil companies. Gold resumed its upward trend while the crypto market was higher as well.

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