US stock indices rose on Monday as investors geared up for big corporate earnings and on hopes for trade deals as the August 1 deadline is nearing.
As of 12:51 pm Eastern Time, the S&P 500 was 0.6% higher, the Dow Jones Industrial Average was up 0.5%, and the Nasdaq Composite was adding 0.7%.
As of 11:45 AM Eastern Time, the S&P 500 was 0.6% higher, the Dow Jones Industrial Average was up 0.5%, and the Nasdaq Composite added 0.7%.
At the opening bell, the Dow Jones Industrial Average rose 26.2 points, or 0.06%, to 44368.4. The S&P 500 rose 7.9 points, or 0.13%, to 6304.74, while the Nasdaq Composite rose 64.7 points, or 0.31%, to 20960.33.
Gainers and Losers
Verizon Communications stock rallied 4.8% after the telco reported a stronger profit for the second quarter.
Sarepta Therapeutics shares dropped 7.4% after the Food and Drug Administration said on Friday it asked the company to voluntarily stop all shipments of its gene therapy for Duchenne muscular dystrophy due to safety concerns.
Jack Dorsey’s Block jumped 8.2% in its first trading after learning it will join the S&P 500 index.In the bond market, the yield on the 10-year Treasury fell to 4.35% from 4.44% late on Friday.
Bullion
Gold prices gained on Monday as the US dollar-industries-share-price-nse-bse-s0003324″ data-vars-anchor-text=”dollar”>dollar and Treasury yields eased.
Spot gold edged up 1.2% at $3,390.79 per ounce at 9:52 ET (1352 GMT). US gold futures rose 1.3% to $3,402.40.
Among other metals, spot silver gained 1.8% to $38.86 per ounce, platinum rose 2.2% to $1,453.17 and palladium was 3.5% higher at $1,284.46.
Oil prices fell on Monday, with the European Union sanctions on Russian oil expected to have minimal impact on supplies.
Brent crude futures dropped 35 cents, or 0.5%, to $68.93 a barrel by 1324 GMT.
US West Texas Intermediate crude slipped by 28 cents, or 0.4%, to $67.06.