The Dow Jones Industrial Average closed just shy of 35,000 as investors grew more optimistic ahead of second-quarter earnings reporting season set to kick off this week.
The Dow rose 126.02 points, or 0.4% to 34,996.18, a new record close.
The S&P 500 added 0.4% to 4,384.63, also a record close.
The Nasdaq Composite traded up 0.2% to a new closing high of 14,733.24. The S&P 500′s gain for the year so far now totals more than 16%.
Investors appeared cautiously optimistic ahead of the start of second-quarter earnings reports. JPMorgan Chase and Goldman Sachs will be among the first big companies to report Tuesday before the bell. Both stocks were higher on Monday and financials led among S&P 500 sectors,
Second-quarter earnings are expected to surge more than 64% from levels depleted by the pandemic a year ago, according to estimates collected by FactSet. If companies deliver on those estimates, it will be the largest growth rate since the last quarter of 2009 as the market was coming out of the Great Financial Crisis.
Thai
Eng.png071203210)
.png071203210)