Stocks rose higher Monday as Wall Street closed out a winning month and looked ahead towards another busy week of earnings. The Dow Jones Industrial Average climbed 100 points, while the S&P 500 and Nasdaq Composite added about 0.2% each.
Here's how the market settled on Monday:
S&P 500 Index
Dow Jones Industrial Average
Nasdaq Composite Index
Monday's session brought the month of July to a close, with stocks ending the month on a positive note. The Dow added about 3.4%, with the month hosting the 30-stock average's hottest winning streak since 1987. Meanwhile, the S&P 500 added 3.1% and the Nasdaq advanced about 4.1%, marking both indexes' fifth straight month of gains.
Last week, the Federal Reserve raised interest rates to their highest level in more than 22 years, with Fed Chair Jerome Powell reiterating that the central bank will modify interest rates based on economic data each meeting moving forward. With the central bank's next policy decision set for September, market participants are gearing up for Friday's jobs report for July. Economists are expecting the U.S. economy to add about 200,000 private payrolls for the month, slightly lower than June's print of 209,000 additions.
On the earnings front, SoFi Technologies
Elsewhere, Salesforce
"While confident in Salesforce's longer-term opportunity to further penetrate large enterprises with more vertically oriented solutions, near-term catalysts, including margin expansion and price increases, are now in rear-view mirror," Weiss wrote in a note.
Bank of America analyst Jason Haas upgraded Hasbro
"We spoke with several local game stores (LGS), distributors, players, and collectors and were encouraged to hear strong excitement and demand for this set," Haas wrote in a note. "Collector boxes are currently fetching over $400 on the secondary market and TCGplayer, one of the primary online marketplaces for Magic cards, shows nearly 3x more sell-through than the prior Magic set."
Looking ahead, this week will see numerous quarterly earnings reports from companies including Apple