New York July 11 (IANS) US stocks traded on an upbeat note on Tuesday as investors were digesting a slew of corporate earnings and economic data.

The Dow Jones Industrial Average jumped 153.26 points or 0.62 per cent to 24 929.85. The S&P 500 was up 9.34 points or 0.34 per cent to 2 793.51 Xinhua news agency reported.
The Nasdaq Composite Index climbed 14.23 points or 0.18 per cent to 7 770.43.

Shares of PepsiCo rose 3.74 per cent around mid-day after the company released better-than-expected quarterly revenue and profit.

Although concerns over trade tensions between the US and other major economies continued to weigh on the market investors were likely to turn their attention to earnings reports as earnings season kicked off experts said.

On the economic front US small business optimism index fell 0.6 point from May to 107.2 in June the National Federation of Independent Business (NFIB) reported on Tuesday.

The reading was still high by historical standards as business owners continued to create new jobs and increase compensation according to NFIB. The index measures the opinion of small businesses on the economic conditions in the country.

--IANS pgh/