NEW YORK, Feb. 4 (Xinhua) -- U.S. stocks traded higher on Monday as Wall Street was awaiting the release of more corporate earnings.
At midday, the Dow Jones Industrial Average rose 11.87 points, or 0.05 percent, to 25,075.76. The S&P 500 was up 6.80 points, or 0.25 percent, to 2,713.33. The Nasdaq Composite Index advanced 63.66 points, or 0.88 percent, to 7,327.53.
Six of the 11 primary S&P 500 sectors traded on an upbeat note, with technology climbing 1.37 percent around midday, outperforming others.
Stocks of major U.S. tech giants, including Facebook, Amazon, Apple, Netflix and Google-parent Alphabet, all gained. Alphabet is set to report earnings after the close on Monday.
Clorox jumped 6.8 percent after the U.S. consumer goods maker reported stronger-than-expected earnings. Clorox delivered corporate results before the market opening on Monday. The company said that earnings for the three months ending in December, its fiscal second quarter, registered 1.40 U.S. dollars per share, up 13.8 percent from the same period last year, beating the consensus forecast of 1.30 dollars per share.
Other major companies such as Disney and General Motors are scheduled to release their results later this week.
So far, more than 47 percent of S&P 500 companies have reported quarterly results, of which 68.5 percent have topped analyst expectations, according to CNBC while citing FactSet. Enditem
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