US Stocks Open Higher Ahead of Earnings and Inflation Reports
US stocks rose sharply on Monday as investors turned their attention to a busy week of corporate earnings and key inflation data. The upbeat start reflected cautious optimism that strong results could sustain market momentum.
At 9:51 AM ET, the Dow Jones Industrial Average gained 254.07 points (0.55%) to 46,452.52. The S&P 500 rose 50.26 points (0.75%) to 6,713.77, while the Nasdaq Composite advanced 234.19 points (1.03%) to 22,914.16.
Earlier, at 9:30 AM ET, the Dow climbed 0.41%, the S&P 500 added 0.58%, and the Nasdaq gained 0.80%, showing early strength across sectors.
Investors Eye Major Earnings Reports This Week
This week marks a crucial phase of the earnings season. Reports from Tesla, Ford, GM, Netflix, Procter & Gamble, Coca-Cola, IBM, and Intel are expected to guide sentiment. Their results will test whether global equity valuations, which remain high, can withstand profit pressures.
Additionally, small and mid-sized banks showed mild recovery. These institutions had fallen last week after warnings about potential loan defaults. The rebound hints at renewed investor confidence, though caution remains.
Bond Market Steady as Yields Ease
In the bond market, Treasury yields stayed stable. The 10-year Treasury yield eased to 3.99%, down from 4.02% on Friday. The moderation reflects investor demand for safe assets while awaiting inflation data and Federal Reserve commentary.
Key Gainers and Losers on Wall Street
Boeing rose 1.3% after the US Federal Aviation Administration (FAA) approved a production boost for its 737 MAX jets to 42 planes per month.
Meanwhile, Micron surged 3.2% after Barclays raised its price target, sending other semiconductor stocks higher. ON Semiconductor climbed 4.4%, and KLA gained 3.7%.
However, AppLovin dropped 5.1% after short-seller Fuzzy Panda disclosed a short position in the stock.
Bullion Market: Gold Extends Gains
Gold prices inched higher as safe-haven demand persisted. Spot gold rose 0.3% to $4,256.84 per ounce. US gold futures (December delivery) advanced 1.6% to $4,280.40 per ounce.
Other precious metals showed mixed trends. Silver increased 0.3% to $51.98 per ounce, while platinum slipped 0.8% to $1,596.95, and palladium dropped 2% to $1,445.24 per ounce.
Crude Oil Prices Dip on Oversupply Concerns
Oil prices fell slightly on Monday amid renewed fears of global oversupply and trade tensions between the United States and China.
Brent crude declined 0.7% to $60.88 per barrel, and US West Texas Intermediate (WTI) slipped 0.4% to $57.14 per barrel.
Last week, the World Trade Organization (WTO) urged both countries to ease tensions, warning that a prolonged decoupling could shave 7% off global economic output in the long term.
Market Snapshot: Wall Street Ends the Week Strong
On Friday, the Dow Jones gained 238.37 points (0.52%) to close at 46,190.61. The S&P 500 added 34.94 points (0.53%) to 6,664.01, while the Nasdaq Composite advanced 117.44 points (0.52%) to 22,679.98.
This positive close set the tone for Monday’s rally, driven by solid earnings expectations and easing bond yields.
Summary: Optimism Builds as Earnings Season Intensifies
Overall, Wall Street’s mood turned upbeat. Investors expect corporate results and inflation data to shape near-term direction. If earnings hold strong, the Dow Jones, S&P 500, and Nasdaq could extend their gains through the week.
However, analysts warn that higher-for-longer interest rates and global trade risks could test the rally’s durability in coming sessions.
