It was a record day on Wall St., with the S&P 500 and Nasdaq gaining 0.11% and 0.19% respectively to hit new records. Financials, communications services and industrials out performed, while real estate, utilities and consumer discretionary lagged.
reached an all-time high on Monday, but the session's gains were kept in check as investors braced for a busy week including a flurry of corporate earnings reports, economic data and an announcement from the Federal Reserve.
About 150 S&P 500 companies are scheduled to release their quarterly results this week, including Apple, General Electric and Qualcomm.Earlier on Monday, Restaurant Brands reported weaker-than-expected earnings after a surprise drop in Tim Hortons sales, sending its shares down 22%. Spotify Technology posted a bigger-than-forecast loss, offsetting news that it reached 100 million subscribers for its premium service. Shares of Spotify fell 0.1%.
Strong corporate reports helped push the S&P 500 and Nasdaq up by 0.9% and 1.9%, respectively, last week. On the data front, April's nonfarm payrolls report is scheduled for release Friday along with international trade numbers. Factory orders, construction spending and consumer confidence data are all due for release this week.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wall St. gains as soft inflation data supports accommodative FedU.S. stocks edged higher on Monday, with the S&P 500 and the Nasdaq hitting reco...
Read more »
S&P 500 carves out first intraday record in about 7 months as stocks extend gainsU.S.stocks on Monday morning climbed tentatively higher but sufficiently so to score the first intraday high for the broad-market S&P 500 since late...
Read more »
S&P 500 and Nasdaq rally to record closing highs after strong earnings from broad range of companiesThe S&P 500 and Nasdaq both closed at record highs today. The S&P 500 closed at 2,933.62, breaking the previous record of 2,930.75.
Read more »
S&P 500 rallies toward record close after strong earnings from broad range of companiesThe S&P 500 headed for a record close as Wall Street cheered strong quarterly profits from some of the largest publicly traded U.S. companies.
Read more »
S&P 500 heads for new record close after strong earnings from broad range of companiesThe S&P 500 headed for a record close as Wall Street cheered strong quarterly profits from some of the largest publicly traded U.S. companies.
Read more »
Warren Buffett isn't sure Berkshire Hathaway can beat the S&P 500In an interview with The Financial Times, Warren Buffett said Berkshire Hathaway was unlikely to outperform the S&P 500 by a wide margin.
Read more »
S&P 500 nudges lower as industrials dragThe S&P 500 down as a dive in industrial stocks and concerns about slowing global growth eclipsed gains in Facebook and Microsoft via ReutersTV
Read more »
The S&P 500 and Nasdaq are within striking distance of records in midday Tuesday tradeThe S&P 500 index and the Nasdaq Composite on Tuesday were within a hair's breadth of closing records, last hit in in the fall, as a rebound in the...
Read more »
S&P 500 flirts with record high on upbeat earningsThe S&P 500 was within striking distance of its all-time high on Tuesday as bett...
Read more »
S&P 500, Nasdaq Close at Record HighsThe S&P 500 and Nasdaq Composite closed at their highest levels ever Tuesday, marking a resurgence for a stock market to record levels after a rout last year hampered their climb.
Read more »
S&P 500 and Nasdaq close at record highs after strong GDP reportStocks finished the week strong, with both the S&P 500 and Nasdaq closing at record highs following a strong GDP report. First-quarter GDP was 3.2%, topping analysts' estimates of 2.5%.
Read more »