The Dow Jones industrial average was up more than 100 points in early trading Tuesday while the tech-heavy Nasdaq rose about 0.8%. The broader S&P 500 was solidly higher as well.
But a sense of caution prevails. The Nasdaq has fallen by nearly 2% this month. The Dow and S&P 500 are only down slightly for the month.
Economic news continues to be mixed. U.S. home prices slipped 0.1% in January reflecting the frigid winter. It was the third month that the S&P/Case-Shiller 20-city composite index declined. But year over year, the index is up 13.2%.
In corporate news, Walgreen Co. (WAG, Fortune 500) shares are gaining even though the drugstore chain said that it will close 76 stores. Walgreen's also said earnings fell slightly from a year ago, but the company had positive things to say about its joint venture with European drugstore chain Alliance Boots.
Shares of Walt Disney (DIS, Fortune 500) were up after it said it would buy Maker Studios, a leading producer and distributor of videos on YouTube. Its vast array of online channels total 5.5 billion YouTube views per month, according to Maker, which makes it one of the most successful online video companies of its kind.
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Shares of Sonic (SONC) are higher after the drive-in restaurant operator reported earnings that beat Wall Street's expectations.
Carnival (CCL) shares fell after the cruise company reported a first quarter loss.
European markets were higher.. The London FTSE 100 index was leading the way with a 1.1% gain. Asian stock markets mostly ended lower, though the moves down were modest. 
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