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13 Apr 2015
US stocks begin the week on a positive note
FXStreet (Mumbai) - US stocks advanced moderately on Monday, extending the rally witnessed for the two consecutive sessions.
The Dow Jones Industrial Average climbed 37.00 points, or 0.20%, to 18093.50 and the S&P 500 index gained 4.14 points, or 0.20%, to 2106.20. The Nasdaq Composite rose 23.02 points, or 0.46%, to 5019, climbing back above 5000 for the first time in nearly three weeks. In early March, the Nasdaq Composite climbed above the 5000-point level for the first time in almost 15 years.
Among stocks, shares in General Electric fell 1.9%. The company’s plan to divest its banking operation, GE Capital over the next two years boosted shares last week. Shares of Qualcomm Inc. rose 2.5%.
The investors are waiting for more cues in the form of quarterly results. According to FactSet Companies in the S&P 500 are expected to post a 4.8% fall in earnings. Energy earnings are expected to slump 65% from a year earlier.
Meanwhile, the economic calendar in the US is light today. Ahead in the week, retail sales, inflation and industrial production in March are due for release.
The Dow Jones Industrial Average climbed 37.00 points, or 0.20%, to 18093.50 and the S&P 500 index gained 4.14 points, or 0.20%, to 2106.20. The Nasdaq Composite rose 23.02 points, or 0.46%, to 5019, climbing back above 5000 for the first time in nearly three weeks. In early March, the Nasdaq Composite climbed above the 5000-point level for the first time in almost 15 years.
Among stocks, shares in General Electric fell 1.9%. The company’s plan to divest its banking operation, GE Capital over the next two years boosted shares last week. Shares of Qualcomm Inc. rose 2.5%.
The investors are waiting for more cues in the form of quarterly results. According to FactSet Companies in the S&P 500 are expected to post a 4.8% fall in earnings. Energy earnings are expected to slump 65% from a year earlier.
Meanwhile, the economic calendar in the US is light today. Ahead in the week, retail sales, inflation and industrial production in March are due for release.