Wall St. Inches Up With Financials; Earnings in Focus
Wall St. Inches Up With Financials; Earnings in Focus
NEW YORK — All three major U. S. stock index rose to record closing highs on Monday, with the Dow Jones Industrial Average less than 50 points below 23,000, ahead of a long list of earnings this week
and as financial shares recovered from last week’s losses.
The Dow Jones Industrial Average rose 85.24 points, or 0.37 percent, to close at 22,956.96, the S&P 500 gained 4.47 points, or 0.18 percent, to 2,557.64
and the Nasdaq Composite added 18.20 points, or 0.28 percent, to 6,624.01.
The reporting period heats up this week, and with the S&P 500 already up 14 percent so far this year, investors are hoping results
and guidance will justify the relatively high valuation of stocks.
The S&P 500 financial index rose 0.6 percent after three days of losses.
NEW YORK — All three major U. S. stock index rose to record closing highs on Monday, with the Dow Jones Industrial Average less than 50 points below 23,000, ahead of a long list of earnings this week
and as financial shares recovered from last week’s losses.
The Dow Jones Industrial Average rose 85.24 points, or 0.37 percent, to close at 22,956.96, the S&P 500 gained 4.47 points, or 0.18 percent, to 2,557.64
and the Nasdaq Composite added 18.20 points, or 0.28 percent, to 6,624.01.
The reporting period heats up this week, and with the S&P 500 already up 14 percent so far this year, investors are hoping results
and guidance will justify the relatively high valuation of stocks.
The S&P 500 financial index rose 0.6 percent after three days of losses.