Stock market today: Dow gains 500 points, stocks close near records as Trump holds off on tariffs

The Dow Jones Industrial Average (^DJI) rose more than 500 points, up over 1.2% , on the heels of solid earnings from 3M Company .

The benchmark S&P 500 (^GSPC) moved up nearly 0.9% , while the Nasdaq Composite (^IXIC) climbed about 0.6% despite wobbly performances from Tesla (TSLA) and Apple (AAPL) Nvidia ( NVDA ) shares inched up more than 2% after a shaky start to the session.

Netflix ( NFLX ) stock jumped over 10% in after-hours trading Tuesday after the streaming giant reported a whopping 18.9 million users in the fourth quarter .

The S&P 500 is now pacing for 12.5% year-over-year earnings growth this quarter .

This would be the best quarter in more than three years .

But the question is whether or not fundamentals can remain the focus of the markets.

The US dollar index saw its worst one-day drop in a year , falling more than 1% .

Bitcoin retreats from record high but still up over $105,500 at last check.

Homebuilder DHI stock wavers amid weaker-than-expected home orders.

Stocks rise across the board as investors digested President Donald Trump 's first wave of executive orders.