U.S. stocks rise with earnings in focus

0 Comment(s)Print E-mail Xinhua, April 26, 2021
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NEW YORK, April 26 (Xinhua) -- U.S. stocks kicked off the week on an upbeat note as investors awaited a big wave of earnings reports.

Shortly after the opening bell on Monday, the Dow Jones Industrial Average climbed 73.80 points, or 0.22 percent, to 34,117.29. The S&P 500 added 12.08 points, or 0.29 percent, to 4,191.25. The Nasdaq Composite Index rose 46.16 points, or 0.33 percent, to 14,062.97.

Seven of the 11 primary S&P 500 sectors advanced in morning trading, with energy up 1.2 percent, leading the gainers. Consumer staples slipped 0.8 percent, the worst-performing group.

Wall Street is bracing for a busy week of the first-quarter earnings season. About a third of the S&P 500 companies are set to report this week, including earnings results from big tech names such as Apple, Amazon, Microsoft and Google-parent Alphabet.

So far, companies representing more than 25 percent of S&P 500 market capitalization have reported first-quarter earnings. Among them, 84 percent have reported a positive per-share earnings surprise and 77 percent have topped revenue estimates, according to CNBC.

For the week ending Friday, the Dow fell 0.5 percent, the S&P 500 declined 0.1 percent, and the Nasdaq lost 0.3 percent. Enditem

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