NEW YORK, Oct 16 - U.S. stocks ended sharply higher on Monday as investors were optimistic about the start of earnings season, with transportation shares advancing.
Consumer discretionary led gains among S&P 500 sectors, although all of the sectors were higher on the day. Third-quarter earnings for S&P 500 companies are estimated to have increased 2.2% year-over-year, according to LSEG data Friday. According to preliminary data, the S&P 500 gained 44.02 points, or 1.02%, to end at 4,371.80 points, while the Nasdaq Composite gained 156.97 points, or 1.17%, to 13,564.20. The Dow Jones Industrial Average rose 302.02 points, or 0.90%, to 33,972.31.
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Stocks pick up, oil steadies in cautious marketsKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
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Wall St futures rise ahead of earnings, data; Israel-Hamas conflict weighsKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
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