EDITOR'S NOTE
The holidays came early for investors on Tuesday, as bullish earnings reports from United Parcel Service and toymaker Hasbro helped push the market to another record close.
UPS was a top performer in the S&P 500, rising 6.9% after the shipping company beat expectations on the top and bottom lines for the third quarter and hiked its full-year guidance for margins. 
Hasbro showed off its versatility, with a solid performance from its TV and filmed entertainment segment powering a beat on profit estimates. Shares closed 3.2% higher.
The strong results came as concerns about the supply chain and reports of labor shortages have customers and investors worried about the holiday shopping season, but executives from both companies provided comments that may ease fears about inflation.
UPS CEO Carol Tomé was optimistic on the company's investor call about handling rising costs, particularly in the labor market.
"With turnover, sometimes we do have to make market rate adjustments to attract people into our company. We've been able to cover those market rate adjustments with productivity. So I feel really good about our ability to manage through the labor cost inflation that many companies are struggling with today," Tomé said, according to a recording provided by FactSet.
While Hasbro warned that shipping issues could hold down sales in the quarters ahead, the company's CFO Deborah Thomas said on CNBC's "Closing Bell" that consumers should be able to find toys without major price mark-ups for the holiday season.
"Obviously the retailer sets the pricing overall, but we don't intend to take any more pricing increases in 2021," Thomas said.
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