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Jul 22, 10:11 AM EDT

US stocks climb in early trading as earnings reports roll in; Chipotle jumps 12 percent

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NEW YORK (AP) -- Solid earnings for a range of companies helped nudge the stock market higher in early Tuesday trading. The restaurant chain Chipotle and Comcast, the giant cable company, surged after reporting better results than Wall Street expected.

KEEPING SCORE: The Dow Jones industrial average rose 53 points, or 0.3 percent, to 17,103 as of 10:06 a.m. Eastern time. The Standard & Poor's 500 index added eight points, or 0.4 percent, to 1,982. The Nasdaq composite advanced 26 points, or 0.6 percent, to 4,451.

MORE BURRITOS: After the market closed Monday, Chipotle Mexican Grill reported that stronger sales drove its quarterly profit up 26 percent. The restaurant chain's results beat analysts' expectations, even as it raised prices on a range of menu items. Chipotle surged $68.42, or 12 percent, to $658.10 early Tuesday, the biggest gain in the S&P 500 index.

PLUGGED IN: Comcast, the country's largest cable company, reported quarterly profits that topped Wall Street's targets, as more people signed up for Internet service. Comcast gained 81 cents, or 1.5 percent, to $54.63.

COKE: Weak sales of Diet Coke and fruit juice weighed down Coca-Cola's second-quarter results, leading the company to post and weaker revenue than Wall Street expected. Overall profit fell slightly. Coca-Cola's stock sank $1.21, or 3 percent, to $41.20.

BIG WEEK: Nearly a third of the big companies in the S&P 500 index will announce their quarterly results this week, including AT&T and Boeing on Wednesday, followed by Visa and Amazon on Thursday. Apple reports after the closing bell on Tuesday.

EUROPE: Major stock markets in Europe were mostly higher Tuesday. Both Germany's DAX and France's CAC-40 picked up 1 percent. Britain's FTSE 100 advanced 0.9 percent.

BONDS AND OIL: U.S. government bond prices fell. The yield on the 10-year Treasury note rose to 2.49 percent. Benchmark U.S. crude oil fell 11 cents to $102.75 a barrel.

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