The Dow Jones industrial average traded higher on Tuesday, buoyed by strong quarterly results from UnitedHealth Group and Johnson & Johnson. The 30-stock index also reached 23,000 for the first time.

The index gained 43 points, notching a record intraday high. Shares of UnitedHealth and Johnson & Johnson contributed the most to the gains.

Symbol

Name

Price

 

Change

%Change

DJIA Dow Industrials 22995.11

 

38.15 0.17%
S&P 500 S&P 500 Index 2558.01

 

0.37 0.01%
NASDAQ NASDAQ Composite 6627.12

 

3.12 0.05%

UnitedHealth reported a stronger-than-expected quarterly profit and raised its full-year adjusted earnings forecast, helped by growth across all its businesses. Shares of the largest U.S. health insurer rose 5.3 percent to hit an all-time high.

Johnson & Johnson also reported better-than-expected quarterly results, driven by its pharmaceutical business and its recent acquisition of Swiss biotech Actelion and other businesses. The company's stock rose more than 2.4 percent and hit an all-time high.

Goldman Sachs' stock slipped 1.3 percent; it briefly traded higher after its third-quarter earnings and revenue beat Wall Street expectations. Fixed income trading revenue totaled $1.45 billion, a 26 percent year-over-year drop, but was enough to top a StreetAccount estimate of $1.38 billion.

The Dow also broke above 23,000 for...read more at CNBC