Stocks: Another record for the S&P 500

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NEW YORK (CNNMoney)

The eternal question may not be answered in one day but Tuesday, investors pushed the S&P 500 to a new record high in early trading.

Related: 20 biggest stock gainers

The Dow Jones Industrial Average and the Nasdaq added between 0.2% and 0.3%.

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Corporate earnings dominate: Shares of DirecTV (DTV, Fortune 500) popped after the company reported better-than-expected earnings.

Molson Coors Brewing (TAP), meanwhile, reported sales and profits that fell short of forecasts.

OfficeMax (OMX, Fortune 500) widely missed earnings forecasts and said revenue this year would come in below analysts' estimates. At the same time, the office supply company issued a special dividend of $1.50 a share.

Also, Walt Disney Company (DIS, Fortune 500), which reports earnings after the close, inked a deal with Electronic Arts (EA) to co-develop Star Wars video games.

Whole Foods (WFM, Fortune 500) and Kraft spin-off Mondelez (MDLZ) are among the other companies set to report results after the market close..

Related: Fear & Greed Index edging toward extreme greed

European markets climbed in afternoon trading, driven by strong results from financial firms Societe Generale (SCGLF) and HSBC (HBC).

Asian markets ended higher. The Shanghai Composite increased 0.2% and the Hang Seng added 0.6%. The Nikkei rose 3.6% to close above the 14,000 point barrier as traders returned after a holiday.

First Published: May 7, 2013: 9:44 AM ET

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