Richard Drew, File, Associated Press
In this Oct. 2, 2014, file photo, a street sign directs people to The New York Stock Exchange, Federal Hall, and the Statue of Liberty, in New York's Financial District. Chinese stocks fell further, Tuesday, July 28, 2015, after suffering their biggest drop in eight years the previous day while most other Asian markets declined and Europe rose.

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.