- October 25, 2022
- Posted by: Stratford Team
- Category: Economy
By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers
Stocks shook off a shaky start and closed higher Monday, extending their gains from last week, as investors geared up for a heavy week of earnings from big technology companies.
The S&P 500 rose 1.2%, with technology, health care and financial stocks accounting for a big share of the gains. Only materials and real estate sector stocks fell.
The Dow Jones Industrial Average rose 1.3% and the tech-heavy Nasdaq composite closed 0.9% higher.
Google’s parent company, along with Facebook’s parent, Amazon and Apple are all reporting their latest financial results this week. They are among the priciest stocks in the benchmark S&P 500 and their earnings this week could mean big moves, up or down, for the broader market.
Several big companies outside of the tech sector are also reporting earnings this week, including Coca-Cola, General Motors and Caterpillar.
“In general, the…
