NEW YORK – U.S. stocks are rising Tuesday morning after a three-day losing streak. Industrial companies are making some of the largest gains, and companies including Ralph Lauren and Charter Communications are climbing following strong second-quarter reports. The Commerce Department said consumer spending kept growing in June and a key measurement of inflation stayed near the Federal Reserve’s target of 2 per cent.

KEEPING SCORE: The S&P 500 index rose 9 points, or 0.3 per cent, to 2,811 as of 10 a.m. Eastern time. The Dow Jones Industrial Average gained 89 points, or 0.4 per cent, to 25,396. The Nasdaq composite added 23 points, or 0.3 per cent, to 7,653. The Russell 2000 index of smaller-company stocks edged up 2 points, or 0.2 per cent, to 1,655.

INDUSTRIAL STRENGTH: Caterpillar also recovered after a slump on Monday. The construction equipment maker rose 1.5 per cent to $141.88 and aerospace company Boeing picked up 1.3 per cent to $355.52. 3M climbed 2.4 per cent to $210.

EARNINGS: Genetic testing tools maker Illumina raised its forecasts after a strong second quarter and its stock climbed 8.2 per cent to $312.95. Cable company Charter Communications advanced 4.6 per cent to $307.35 after its quarterly profit surpassed analysts’ estimates. Agribusiness company Archer-Daniels-Midland jumped 1.9 per cent to $48.23 following its report and Ralph Lauren gained 4.9 per cent to $142.51 as it said sales overseas improved.

High-powered laser maker IPG Photonics nosedived 24.7 per cent to $168.96 after it said demand from Europe and China worsened during the second quarter. The company’s revenue forecast for the current quarter fell far short of Wall Street’s estimates.

TECH COMEBACK: Technology stocks inched higher. Chip equipment maker KLA-Tencor soared 14.4 per cent to $121.63 after it topped Wall Street expectations in the second quarter. Chipmaker Qualcomm gained 3.2 per cent to $63.93 and Microsoft added 0.8 per cent to $106.20.

The technology index of the S&P 500 fell 5.3 per cent over the past three days. That’s the worst decline in three months.

US ECONOMY: The Commerce Department said consumer spending grew another 0.4 per cent in June, and a key measurement of inflation is up 2.2 per cent over the last year. For the last four months, inflation has equaled or been slightly higher than the Federal Reserve’s target of 2 per cent. The Fed is meeting Tuesday and Wednesday but isn’t expected to raise interest rates again until later this year.

The Labor Department said wages and benefits for U.S. workers continued to rise, but they grew at a slightly slower pace in the second quarter. That’s a sign that a tight labour market has yet to accelerate income gains.

BOJ MEETING: In a widely watched statement, the Bank of Japan kept its monetary policy steady, as expected. It maintained its target for the 10-year government bond yield at around zero per cent and that for short-term interest rates at minus 0.1 per cent. Recent strength in the economy had raised expectations that the central bank may need to consider further tempering its massive purchases of government bonds and other assets.

OVERSEAS: Economic growth in the 19-country eurozone slowed to 0.3 per cent in the second quarter as trade tensions between the U.S. and Europe hurt business confidence. Since then, the EU and U.S. have agreed to hold off more tariffs and try to free up trade, though the outlines of the deal remain hazy.

The French CAC 40 rose 0.5 per cent and the British FTSE 100 jumped 1 per cent. The DAX in Germany added 0.1 per cent.

China’s manufacturing activity pulled back slightly in July and the Bank of Japan kept its monetary policy unchanged, as expected.

BONDS: Bond prices rose. The yield on the 10-year Treasury note fell to 2.96 per cent from 2.97 per cent.

ENERGY: Benchmark U.S. crude dropped lost 1.6 per cent to $68.92 per barrel in New York. Brent crude, used to price international oils, fell 1.2 per cent to $74.67 a barrel in London.

CURRENCIES: The dollar rose to 111.90 yen from 111 yen. The euro fell to $1.1701 from $1.1710.

____

AP Markets Writer Marley Jay can be reached at http://twitter.com/MarleyJayAP His work can be found at https://apnews.com/search/marley%20jay