Tech Sector Climbing Ahead of Earnings Reports

Major US indexes closed higher on Monday, led by tech stocks that climbed ahead of highly anticipated earnings reports later this week.

The Nasdaq Composite led gains, rising 0.7%. Within the gauge, Twitter gained 2.2%, while Apple and Facebook jumped more than 2% each. Snap, Amazon, Facebook, and Alphabet are all schedule to report second quarter earnings this week.

A team of analysts at Bank of America Merrill Lynch led by Savita Subramanian said there's optimism building around earnings despite disappointing reports from the Industrial sector, which pointed to tariffs for slowing activity.

Read the full article at Markets Insider.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.