Stocks jump for a second day | Goldman Sachs' strong quarter | Netflix crushes expectations

Stocks rallied for a second straight day Tuesday as strong corporate earnings eased fears of an imminent recession. 

VIEW IN BROWSER | SUBSCRIBE TUE, OCT 18, 2022 EVENING BRIEF AS OF TUE, OCT 18, 2022 • 04:41 ET DJIA 30523.80 +1.12% +337.98 S&P 500 3719.98 +1.14% +42.03 NASDAQ 10772.40 +0.90% +96.60 Most Active DOW NAME LAST CHG %CHG AAPL 143.75 +1.34 +0.94% INTC 25.87 -0.55 -2.08% VZ 37.07 -0.11 -0.30% S&P 500 NAME LAST CHG %CHG CCL 8.08 +0.81 +11.14% AMD 57.92 -0.04 -0.07% AAPL 143.75 +1.34 +0.94% NASDAQ NAME LAST CHG %CHG AMD 57.92 -0.04 -0.07% AAPL 143.75 +1.34 +0.94% TSLA 220.19 +0.84 +0.38% EDITOR'S NOTE Stocks rallied for a second straight day Tuesday as strong corporate earnings eased fears of an imminent recession.    But given the intraday trading action, it is hard to feel confident in what comes next.    The Nasdaq opened up by more than 2%, but then made two separate dives into negative territory before ending the day with relatively modest gains. Investors were quick to sell when interest rates rose and on a negative report about Apple's iPhone production.   Those jittery market moves seem to reflect the fact that many on Wall Street are not buying that the lows for the year are in and that this is the start of new bull market.    "For the most part, everyone is pretty much in agreement that this is just a bear market rally that is not going to be sustained, and that it is not the time to be buying stocks just yet," said Ed Moya, senior market analyst at Oanda.    But if earnings reports stay strong, maybe people will come around. Shares of United Airlines and Netflix jumped in extended trading after both companies beat estimates on the top and bottom lines.  Jesse Pound | CNBC Markets Reporter @jesserpound Watch our live stream for all you need to know to invest smarter. TOP NEWS  Dow closes up more than 300 points as strong earnings boost stocks in choppy market Netflix crushes expectations across the board, adds 2.41 million subscribers United Airlines shares surge on higher profit and strong demand forecast Goldman shares jump after topping analysts' expectations on strong bond trading results Goldman CEO David Solomon says there's a good chance of a recession and so it's time to be cautious Intel's Mobileye targets $15.9 billion valuation in IPO 30% of Ukraine's power stations destroyed by strikes; Zelenskyy urges troops to take more Russian prisoners Apple stock ticks down on report of cut to iPhone 14 Plus production French company fined $777 million and pleads guilty to paying ISIS as terror group killed Westerners Biden to ask Congress to codify Roe v. Wade abortion rights protections if Democrats keep control TOP VIDEO Downside potential should not dissuade buyers from further investment, says UBS's Alli McCartney CNBC PRO Investors should 'pick through' for stocks that have bottomed, Gilman Hill's Jenny Harrington says SPECIAL REPORTS McDonald's to sell Krispy Kreme doughnuts at 9 locations in latest menu experiment The new iPad requires a $9 dongle if you want to use the Apple Pencil Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy © 2022 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS