October 30, 2024

Stock Market Today: Dow ends up over 270 points ahead of Big Tech earnings

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U.S. stocks finished higher on Monday as Wall Street geared up for a busy week packed with quarterly earnings from megacap technology companies.

The Dow Jones Industrial Average rose 273.17 points, or 0.7%, to end at 42,387.57. It was the largest one-day point and percentage gain since Oct. 16, according to Dow Jones Market Data.

The S&P 500 was up 15.40 points, or 0.3%, to finish at 5,823.52.

The Nasdaq Composite gained 48.58 points, or 0.3%, ending at 18,567.19.

The S&P 500’s energy sector was the worst performer on the large-cap benchmark index, off 0.7%, according to FactSet data.

Looking ahead, five of the so-called Magnificent Seven companies are scheduled to report their earnings results this week. Google parent Alphabet Inc. is scheduled to report on Tuesday, followed on Wednesday by Microsoft Corp. and Meta Platforms Inc. Apple Inc. and Amazon.com Inc. will report on Thursday.

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