US stocks Monday moved higher as investors looked ahead to a busy week of corporate earnings and economic data.
About 40 minutes into trade, the Dow Jones Industrial Average rose 1.60 point (0.01 percent) to 15,401.25.
The broad-based S&P 500 added 2.24 (0.13 percent) at 1,746.74, while the tech-rich Nasdaq Composite Index put on 15,19 (0.39
percent) at 3,929.47.
Equities rallied late last week after US political leaders agreed on a short-term funding bill that ended a partial government shutdown and a debt-ceiling deal to avert a default. With the Washington turbulence resolved for now, investors began fixating on economic fundamentals.
Investors will look to Tuesday's release of September jobs data, postponed from October 4 amid the government shutdown.
Dow component McDonald's fell 1.0 percent after reporting a modest third-quarter 0.7 percent increase in US comparable sales. The company said the currently restrained economic environment “continues to pressure results.”
Another Dow component, banking giant JPMorgan Chase, edged up 0.3 percent following reports it has reached a tentative $13
billion deal with US regulators to settle a number of civil investigations into its sale of mortgage securities.
AT&T, also in the Dow, jumped 2.0 percent after announcing a $4.9 billion deal with Crown Castle related to the sale of 600 AT&T wireless towers and the leasing of 9,100 other towers. Crown Castle fell 2.9 percent.
Tech icon Apple rose 2.2 percent ahead of a Tuesday San Francisco event that is expected to launch new iPad devices.
US oil services giant Halliburton dipped 1.2 percent after earnings came in a penny above expectations at 83 cents per share. The market's reaction was “tempered” by results from Halliburton peers who reported last week, said Bank of America Merrill Lynch.
Bond prices fell. The 10-year Treasury rose to 2.61 percent from 2.59 percent Friday, while the 30-year inched higher to 3.67
percent from 3.66 percent. Bond prices and yields move inversely. -Sapa-AFP