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Stock indexes notch more records ahead of earnings reports

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Major stock indexes notched more record highs on Wall Street on Monday as investors look ahead to a wave of earnings reports from big U.S. companies coming out this week

Banks led stocks to modest gains on Wall Street on Monday, nudging the major stock indexes to more record highs ahead of a busy week of corporate earnings reports from big U.S. companies.

Banks, communication stocks and companies that rely on consumer spending accounted for much of the S&P 500’s broad gains. A mix of companies selling household goods fell. Energy stocks also closed lower after a pullback in U.S. crude oil prices. Trading was muted overall, with a few stocks making big moves on little news.

The S&P 500 rose 15.08 points to 4,384.63. The Dow added 126.02 points, or 0.4%, to 34,996.18, while the Nasdaq gained 31.32 points, or 0.2%, to 14,733.24.

 

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