Major U.S. stock indexes rose on Monday, reflecting upbeat sentiment just before the rollout of second-quarter earnings.
 | MON, JUL 12, 2021 | | | | DOW | | NAME | LAST | CHG | %CHG | | AAPL | 144.50 | -0.61 | -0.42% | | DIS | 184.38 | +7.34 | +4.15% | | JPM | 158.00 | +2.23 | +1.43% | |
| | S&P 500 | | NAME | LAST | CHG | %CHG | | AAPL | 144.50 | -0.61 | -0.42% | | GE | 13.11 | -0.05 | -0.38% | | F | 14.61 | +0.13 | +0.90% | |
| | NASDAQ | | NAME | LAST | CHG | %CHG | | AAPL | 144.50 | -0.61 | -0.42% | | AMD | 90.81 | -0.09 | -0.10% | | TSLA | 685.70 | +28.75 | +4.38% | |
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Major U.S. stock indexes rose Monday, reflecting upbeat sentiment just before the rollout of second-quarter earnings. The Dow Jones Industrial Average surged 126.02 points to a record close of 34,996.18. The S&P 500 index rose 0.3%. The tech-heavy Nasdaq Composite, which traded near flat most of the day, gained 0.2%. The financials sector led the charge. Goldman Sachs, JPMorgan Chase and American Express were among the top performers in the Dow. Disney, enjoying a boost from the weekend release of "Black Widow," ended the day up more than 4%.  Banks will be unveiling their second-quarter earnings results this week, with JPMorgan and Goldman releasing their reports on Tuesday. Investors hoping to pick winners based on earnings news should keep an eye out for companies that have been able to protect their profits by raising prices and passing them onto the consumer, according to a report from Goldman.
Investors and policymakers at the Federal Reserve will likely keep an eye on the U.S. Bureau of Labor Statistics' consumer price index data for June.
"The CPI number tomorrow does matter, mostly because it (and the market reaction to it) will inform the 'transitory inflation spike debate,'" wrote Mike Santoli, CNBC's senior markets commentator. "A number treated as too hot could threaten to deprive the Fed of its desired path to remain 'credibly patient.' |
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