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Stocks rebounded on Monday after opening lower, as investors bet on a continuation of strong earnings reports from major companies. Tesla and Netflix gained ahead of third-quarter reports this week.

The S&P 500 rose 0.3% to 4,486.46.

Dow Jones Industrial Average fell 36.15 points, or 0.1%, to 35,258.61.

The Nasdaq Composite gained 0.8% to 15,021.81.

A number of big names are set to report in the week ahead, including Netflix, Johnson & Johnson, United Airlines and Procter & Gamble on Tuesday. Tesla, Verizon and IBM are among the other names on deck for the week.

 

European markets close lower as China economy slows; THG shares jump 20%

 

European stocks closed lower on Monday as investors reacted to slowing economic growth in China and soaring oil prices fueled elevated inflation concerns.

The pan-European Stoxx 600 provisionally ended down 0.5%, with autos stocks dropping 1.9% to lead losses. All sectors and major bourses closed the session in negative territory.

Global markets are gearing up for more earnings in the coming days, following a stronger-than-expected start to the U.S. earnings season last week.