U.S. stocks rose for the second straight session amid growing optimism about upcoming earnings reports from so-called artificial-intelligence hyperscalers.
The Dow Jones Industrial Average added 120 points, or 0.3%, to 39,250. The S&P 500 gained 0.5%, while the Nasdaq Composite advanced 0.7%, driven by tech heavyweights including NVIDIA, Microsoft, and Meta.
Investors are bracing for a packed week of corporate earnings, with NVIDIA set to report after the bell on Wednesday. The chipmaker's quarterly results are closely watched as a bellwether for AI-related demand.
Market participants also await the Federal Reserve's policy decision on Thursday, though most expect the central bank to hold interest rates steady. Traders see a 95% chance of no change in the federal funds rate.
"The market is in a wait-and-see mode," said Ryan Dempsey, senior market strategist at William Blair. "Earnings from the AI leaders will likely drive near-term direction."
The yield on the 10-year Treasury note slipped to 4.28%.
Source: Wall Street Journal Markets · Summarized by HeadlinesBriefing