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Wall Street gains as earnings season gathers steam

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U.S. stock index futures rose slightly on Monday as investors geared up for a busy week of corporate earnings, with results from major companies ...

REUTERS: U.S. stocks rose on Monday, lifted by technology companies, as investors eyed fresh U.S.-China trade developments during a busy week of corporate earnings with results from marquee names including Facebook and Amazon on tap.

As earnings season progresses, profits at S&P 500 companies are now estimated to rise about 1per cent, according to Refinitiv IBES data, in a reversal from earlier expectations of a small drop. Hopes of an interest rate cut helped Wall Street's main indexes recover from a slump in May and scale record levels.

Semiconductor companies likely got a boost from news that White House economic adviser Larry Kudlow will host a meeting with semiconductor and software executives on Monday to discuss the U.S. ban on sales to China's Huawei Technologies .

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