NEW YORK — Global stock markets are steadying as a rout in Chinese shares slowed and U.S. indexes moved higher.
Investors were encouraged Tuesday by strong results from UPS, Ford and other big companies.
The Dow Jones industrial average rose 108 points, or 0.6 percent, to 17,549 as of 11:45 a.m. Eastern time.
The Standard & Poor's 500 rose 15 points, or 0.7 percent, to 2,082. The Nasdaq increased 23 points, or 0.5 percent, to 5,063.
Asian markets closed with modest losses a day after the Shanghai stock index plunged more than 8 percent, its worst fall since 2007.
European markets rose.
UPS climbed 5 percent and Ford gained 2 percent after reporting better earnings than analysts were expecting.
Bond prices fell. The yield on the 10-year Treasury note rose to 2.24 percent.