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By Caitlin Ostroff U.S. stock futures wobbled Monday as investors weighed the outlook for the global economy and major companies earnings this year. Futures tied to the S&P 500 edged down less than 0.1%. The broad market index ended last week just shy of its record closing level. Nasdaq-100 futures declined 0.3%, suggesting that technology shares may be among the weakest performers after the Monday opening bell. Stocks have been jittery in recent days after a flare-up of Covid-19 cases in India and Japan triggered concerns about the pace of the global economic recovery. Money managers risk appetite was also jolted by worry that the Biden administration may boost taxes. This week, the corporate earnings season is poised to pick up steam, with the focus on blue-chip companies to report profits and offer guidance that can justify stocks high valuations.
Provided by Dow Jones
By Caitlin Ostroff U.S. stocks rose Monday as investors weighed the outlook for the global economy and major companies earnings this year. The Dow Jones Industrial Average climbed 67 points, or 0.2%, shortly after the opening bell. The S&P 500 also added 0.2%. The broad market index ended last week just shy of its record closing level. The Nasdaq Composite rose 0.2%. Stocks have been jittery in recent days after a flare-up of Covid-19 cases in India and Japan triggered concerns about the pace of the global economic recovery. Money managers risk appetite was also jolted by worry that the Biden administration may boost taxes. This week, the corporate earnings season is poised to pick up steam, with the focus on blue-chip companies to report results and offer guidance that can justify stocks high valuations.
Provided by Dow Jones
By Caitlin Ostroff and Alexander Osipovich The Nasdaq Composite climbed to a record Monday as investors looked ahead to a busy week of corporate earnings reports, including from some of the biggest technology companies. The tech-heavy index gained 0.9%, logging its first closing high since February. The S&P 500 ticked up 0.2%, also setting a record, while the Dow Jones Industrial Average slipped 0.2%. All three indexes posted modest declines last week. More than one-third of the companies in the S&P 500 are reporting quarterly results this week. Investors will be watching to see whether the earnings justify rich valuations for some companies, especially in tech.
Nasdaq Composite on Track for First Record Since February
04/26/2021 | 12:24pm EDT
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By Caitlin Ostroff and Alexander Osipovich The Nasdaq Composite climbed toward a record Monday as investors looked ahead to a busy week of corporate earnings reports, including from some of the biggest technology companies. The tech-heavy index gained 0.8% in afternoon trading, putting it on track for its first closing high since February. The S&P 500 ticked up 0.2%, also on pace for a fresh record, while the Dow Jones Industrial Average slipped less than 0.1%. All three indexes posted modest declines last week. More than one-third of the companies in the S&P 500 are reporting quarterly results this week. Investors will be watching to see whether the earnings justify rich valuations for some companies, especially in tech.
Provided by Dow Jones
By Caitlin Ostroff U.S. stocks ticked up Monday as investors weighed the outlook for the global economy and major companies earnings this year. The S&P 500 climbed 0.2% after the opening bell, putting it on track for another closing high. The Dow Jones Industrial Average advanced 0.2%, while the technology-heavy Nasdaq Composite gained 0.1% All three indexes posted modest declines last week but are near records following a monthslong rally. Stocks have been jittery in recent days after a flare-up of Covid-19 cases in India and Japan triggered concerns about the pace of the global economic recovery. Money managers risk appetite was also jolted by worry that the Biden administration may boost taxes.