US stocks edge to records ahead of major earnings

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NEW YORK: Wall Street stocks edged to fresh records on Monday (Jul 15) at the start of a heavy week of earnings reports for which expectations are ...

NEW YORK: Wall Street stocks edged to fresh records on Monday at the start of a heavy week of earnings reports for which expectations are relatively low.

"The direct driver of the stock market, however, has been the persistence of low interest rates and the friendly reminder from the Federal Reserve that it stands ready to use its tools to keep the longest economic expansion on record going." The broad-based S&P 500 rose 0.53 points at 3,014.30, while the tech-rich Nasdaq Composite Index gained 14.04 points to 8,258.19.

 

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