Wall Street nears record as quarterly reports roll in

The S&P 500 climbed closer to a record high on Tuesday, lifted by energy stocks and a solid quarterly report from Johnson & Johnson. After dipping into negative territory and then recovering, the S&P 500 ended less than 2 percent short of last May's record high close, with investors laser-focused on a growing flow of first-quarter earnings scorecards. Following two months of steady gains, the S&P 500 is trading at about 17.8 times expected earnings, the highest level since 2004,