Wall Street extended gains throughout Tuesday's session following mostly positive quarterly earnings results from investment banks like JPMorgan Chase (JPM  ) and Citigroup (C  ). However, there was a disparity with Tuesday's earnings, for Well Fargo (WFC  ) and Delta Air Lines (DAL  ) painted a darker fiscal future than investment banks with business outside of the United States reported. All and all, the broad market gained from Monday's late session lows, with the S&P 500 and the Dow outshining the tech-heavy Nasdaq who trailed behind the other benchmarks due to the multi-week tech rally slowing down.

Tuesday's earnings from Citigroup, JPMorgan, and Wells Fargo showed that the coronavirus pandemic had impacted the banks' quarterly profit due to the need to increase credit loss reserves. However, Citigroup and JPMorgan were able to top revenue and earnings per share expectations, showing a divide between the global market and the domestic market that was better depicted in Wells Fargo's quarterly losses. Delta's earnings also showed the devastation of industries heavily impacted by the pandemic.

Here's how the market settled on Tuesday:

S&P 500 Index (SPY  ): +1.34% or +42.39 points to 3,197.61

Dow Jones Industrial Average (DIA  ): +2.14% or +557.72 points to 26,643.52

Nasdaq Composite Index (QQQ  ): +0.94% or +97.73 points to 10,448.58

For Major Stock News, cyclical stocks outperform on Tuesday, with Caterpillar (CAT  ) and Boeing (BA  ) pushing the Dow upward and Chevron (CVX  ) and Exxon Mobil (XOM  ) benefitting from positive crude oil demand sentiment. Tech giants also began to decline as investors began to weigh if the stocks have become overvalued from the recent rally: Amazon (AMZN  ), Apple (AAPL  ), Facebook (FB  ) Google (GOOGL  ), Microsoft (MSFT  ), and Netflix (NFLX  ). Travel stocks declined following Delta's second quarter results: American Airlines (AAL  ), Carnival (CCL  ), Norwegian Cruise (NCLH  ), Royal Caribbean (RCL  ), Southwest (LUV  ) and United Airlines (UAL  ).

For Stock Sectors, every industry joined in on Tuesday's rally. The performance gains were as follows: Energy +3.60%, Materials +2.54%, Industrials +2.18%, Health Care +1/96%, Consumer Staples +1.53%, Information Technology +1.20%, Utilities +0.97%, Real Estate +0.97%, Communication Services +0.90%, Financials +0.70% and Consumer Discretionary +0.60%.

For Commodities and Currency, oil prices ticked higher on Tuesday as investor sentiment increased while waiting for OPEC's production decision this week. West Texas Intermediate (USO  ) increased 0.47% to $40.29 per barrel and Brent Crude (BNO  ) gained 0.42% to settle at $42.90 per barrel. Gold (GLD  ) prices stayed above $1,800 per ounce on Tuesday as coronavirus cases continue to increase throughout half of the United States. Spot gold climbed 0.4% to settled at $1,809.83 per ounce, while futures remained mostly flat at $1,813.40. Finally, the U.S. Dollar (UUP  ) was put under pressure by the euro on Tuesday due to market optimism surrounding the possibility of a European Union coronavirus stimulus package and Wall Street's rally. The DXY Index decreased 0.31%.

As the market heads into the mid-week, investors will focus on corporate earnings from companies like Goldman Sachs (GS  ) and UnitedHealth Group (UNH  ). The Federal Reserve's summary of economic projections is also slated to be released on Wednesday.