Stocks gained in the early going on Monday, as investors prepared for earnings from two more megacap techs and for the July jobs report to land later this week.
The S&P 500 (^GSPC) and the Dow Jones Industrial Average (^DJI) were both up roughly 0.2%. The tech-heavy Nasdaq Composite (^IXIC) added about 0.3%.
Second-quarter results from Apple (AAPL) and Amazon (AMZN) take center stage, after Meta’s (META) and Alphabet’s (GOOG, GOOGL) releases wowed Wall Street last week. Eyes are on what the iPhone maker says about its Vision Pro headset and what the Facebook parent reveals about its cloud business.
The countdown is also on to the monthly nonfarm-payrolls report due Friday, which is expected to show jobs growth is still moderating, but still resilient. That’s raising optimism the Fed can bring inflation down to its target without triggering a recession.
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