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Stocks push higher as earnings season takes center stage: Stock market news


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Stocks pushed higher Monday as investors set aside signs that China’s economic recovery is still lagging and turned their attention to this week’s stream of earnings reports.

The S&P 500 (^GSPC) edged up 0.4%, while the Dow Jones Industrial Average (^DJI) traded higher by 0.2%. The tech-heavy Nasdaq Composite (^IXIC) added 0.9%.

Earlier in the going, disappointing GDP data out of China cast a cloud on prospects for recovery in the world’s second-biggest economy, which weighed on the market mood. But stocks ended on a more positive tone as investors got set for earnings season to pick up steam in coming days.

Several big-hitting quarterly results are due, including Tesla’s (TSLA) on Wednesday. On Tuesday, updates from Bank of America (BAC) and Goldman Sachs (GS) on Tuesday will be watched after strong reports from JPMorgan (JPM) and Wells Fargo (WFC) helped send stocks higher.

In general, earnings for S&P 500 companies are expected to fall 7% in the second quarter.



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