US stocks rise on earnings, overseas gains

US stocks have opened higher in the wake of solid corporate earnings reports and stronger overseas markets.

Five minutes into trade, the Dow Jones Industrial Average rose 32.55 (0.22 per cent) to 15,001.44.

The broad-based S&P 500 added 3.89 (0.24 per cent) to 1,621.39, while the Nasdaq Composite Index put on 4.03 (0.12 per cent) to 3,397.00.

Earnings reports from DirecTV and Anadarko Petroleum beat expectations, and investors were looking ahead to the after-market release of earnings from Disney, the studio behind the hit film Iron Man 3.

Markets were also cheered by a better-than-expected report on German factory orders which helped send European indices higher. Japan's Nikkei 225 also gained 3.6 per cent on Tuesday.

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