Citigroup rose 2.9% and JPMorgan Chase climbed 1.1%, but UnitedHealth Group sank 4%. Chipmaker Qualcomm soared 23% in heavy trading after announcing that it had settled its longstanding legal dispute with Apple.
The S&P 500 index edged up 1 point, or 0.1%, to 2,907. The Dow Jones Industrial Average added 67 points, or 0.3%, to 26,452. The Nasdaq rose 24 points, or 0.3%, to 8,000. Bond prices fell. The yield on the 10-year Treasury rose to 2.59%.
Stocks are higher on Wall Street in midday trading, erasing the market's modest losses from a day earlier.
Gains in financial and technology stocks outweigh losses elsewhere in the market Tuesday.
Health care stocks are lagging the most as traders weigh quarterly earnings from Johnson & Johnson.
Investors are looking to corporate earnings reports for clues on the health of the global economy.
The rebound follows gains in overseas markets .
The S&P 500 index rose 3 points, or 0.1%, to 2,908.
The Dow Jones Industrial Average rose 55 points, or 0.2%, to 26,441. The Nasdaq rose 25 points, or 0.3%, to 8,001.
Bond prices fell. The yield on the 10-year Treasury rose to 2.59%.
Health care companies are leading stocks broadly higher in early trading on Wall Street.
UnitedHealth Group, the nation's largest health insurance company, rose 1.3% early Tuesday after beating first-quarter earnings forecasts and raising its estimates for the full year.
Other health care sector companies also rose. Abbot Laboratories rose 1.5% and Johnson & Johnson added 2.5%.
The S&P 500 index rose 8 points, or 0.3%, to 2,914.
The Dow Jones Industrial Average rose 110 points, or 0.4%, to 26,492. The Nasdaq rose 28 points, or 0.4%, to 8,004.