U.S. Stocks Rise Ahead of Busy Earnings Week

U.S. stocks ticked up Monday as investors looked ahead to a busy week of corporate earnings reports, including from some of the biggest technology companies.
The S&P 500 climbed 0.2% in midday trading, putting it on track for another closing high. The Dow Jones Industrial Average advanced less than 0.1%, while the tech-heavy Nasdaq Composite gained 0.6%.
All three indexes posted modest declines last week but are near records following a monthslong rally.
More than a third of the companies in the S&P 500 are expected to report quarterly results this week. Investors will be watching to see whether the earnings justify rich valuations for some companies, especially in tech.
Tesla, which has been one of investors’ most favored stocks, is slated to report quarterly earnings Monday after markets close. Apple and Facebook are scheduled to report Wednesday, following by Amazon on Thursday.

Source link

error: Content is protected !!