US stock market's three major indices kicked off the trading week with gains
CryptoNewsTerminal Staff14 Aug, 2024
US stock market's three major indices kicked off the trading week with gains
The US stock market’s three major indices kicked off the trading week with gains on Monday, as investors reacted to a slew of corporate earnings reports and economic data. The S&P 500 index rose 0.13%, the Nasdaq Composite index gained 0.16%, and the Dow Jones Industrial Average edged up 0.00%. The gains were broad-based, with all 11 sectors of the S&P 500 index finishing in positive territory. The energy sector led the way, rising 1.2%, followed by the financials sector, which gained 0.8%. The moves came as investors digested a mixed bag of corporate earnings reports. Some companies, such as Goldman Sachs and Morgan Stanley, reported better-than-expected results, while others, such as Johnson & Johnson and Procter & Gamble, reported weaker-than-expected results. Overall, the market's performance on Monday was positive, and investors will be looking to see if the momentum can continue in the days and weeks ahead.
