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Wall Street indices started the week higher on Monday, October 24, extending gains from the previous week, as the investors seemed to be optimistic about the earnings season, with the big tech companies scheduled to report this week.
The S&P 500 rose 1.19 per cent to 3,797.34. The Dow Jones was up 1.34 per cent to 31,499.62. The NASDAQ Composite rose 0.86 per cent to 10,952.61, and the small-cap Russell 2000 rose 0.35 per cent to 1,748.40.
The investors seem to have regained their confidence ahead of the major earnings that would come this week. Companies like Alphabet, Inc. (NASDAQ: GOOG), Amazon.com, Inc. (NASDAQ:AMZN), and Apple, Inc. (NASDAQ: AAPL), among others, are scheduled to report this week.
Nine of the 11 segments of the S&P 500 index stayed in the positive territory, with materials and real estate sectors as the bottom movers. The healthcare and consumer staples sectors were the top movers, with the information technology segment providing the highest boost.
Shares of Tesla, Inc. (NASDAQ:TSLA) fell over three per cent in the intraday trading on Monday, after the EV maker trimmed its starting price for some of its cars in China.
Koninklijke Philips N.V. (NYSE:PHG) lost over one per cent in the intraday session on October 24, after the company reported its latest quarterly earnings results and reduced its workforce for boosting performance and trimming costs.
Futures & Commodities
Gold futures were up 0.13 per cent to US$1,654.15 per ounce. Silver increased by 0.64 per cent to US$19.188 per ounce, while copper fell 1.19 per cent to US$3.4333.
Brent oil futures increased by 0.11 per cent to US$91.44 per barrel and WTI crude was down 0.26 per cent to US$84.83.
Bond Market
The 30-year Treasury bond yields were up 2.02 per cent to 4.391, while the 10-year bond yields rose 0.82 per cent to 4.247.
US Dollar Futures Index decreased by 0.06 per cent to US$111.918.
