Caterpillar earnings, 3M results, lift Dow Jones industrials

What's behind the recent stock market surge?

U.S. stocks are rising led by industrial companies and banks as major indexes recover some of the previous day's losses.

Among industrial companies, Caterpillar (CAT) reported better-than-expected third-quarter results and jumped 4.8 percent Tuesday. Stanley Black & Decker rose 4.7 percent and Post-it note maker 3M was up 7.6 percent.

Whirlpool tumbled 10.3 percent after it reported weak quarterly earnings and cut its annual profit forecast.

Health care companies weakened. Drugmaker Biogen fell 4.3 percent.

30 years after the Crash of 1987 is the market due for a correction?

The Standard & Poor's 500 index added 5 points, or 0.2 percent, to 2,570.40.

The Dow Jones industrial average picked up 198 points, or 0.9 percent, to 23,473.15. The Nasdaq composite advanced 17 points, or 0.3 percent, to 6,604.