Stock market today: Indexes gain as investors brace for key tech earnings

• US stocks jumped connected Monday arsenic investors expect cardinal net and economical information this week.
• Major tech firms for illustration Meta, Microsoft, and Apple will study third-quarter earnings.
• Economic information releases see GDP growth, ostentation via nan PCE index, and nan October jobs report.

US stocks moved higher connected Monday to footwear disconnected a pivotal week of net and economical data.

More than 90 S&P 500 companies are group to study results this week, and investors will beryllium keenly focused connected third-quarter updates from Meta Platforms, Microsoft, Apple, Amazon, and Alphabet.

Combined, these 5 mega-cap tech giants are worthy astir $12 trillion.

"The busiest week is up of us, pinch a displacement from cyclicals to AI / mega-cap Tech. AI monetization is successful attraction and has been spotty astatine best. But Tech CEOs person told america that nan biggest consequence is underinvesting frankincense AI capex could thrust income for Tech but besides for nan broader market," Bank of America's Savita Subramanian said successful a Monday note.

So far, 37% of S&P 500 companies person reported net results. Of those companies, 78% hit profit estimates by a median of 6%, while 58% hit revenues estimates by a median of 2%, according to information from Fundstrat.

It's a large week for economical information arsenic well, pinch third-quarter GDP to beryllium released Wednesday morning. The Atlanta Fed's GDPNow Tracker suggests maturation of 3.3% successful nan quarter, while economists expect maturation of 3.2%.

Investors will besides get a look into ostentation pinch nan merchandise of nan PCE scale connected Thursday, which is nan Federal Reserve's preferred ostentation gauge.

According to economist estimates, nan year-over-year PCE Index is expected to beryllium 2.1%, a flimsy alteration from past month's reference of 2.2%.

Finally, investors will move their attraction to nan October jobs study connected Friday. Economists expect 110,000 jobs added to nan system past month, a large diminution from nan September employment report, which came successful basking pinch 245,000 caller jobs.

From there, investors will beryllium hyper-focused connected nan Presidential predetermination adjacent week, which will beryllium followed by nan Fed' adjacent argumentation gathering connected November 6-7.

Here's wherever US indexes stood astatine nan 4:00 p.m. closing doorbell connected Monday:

• S&P 500: 5,823.56, up 0.27%
• Dow Jones Industrial Average: 42,387.57, up 0.65% (+273.17 points)
• Nasdaq composite: 18,567.19, up 0.26%

Here's what other is going on:

• Trump Media banal soared connected Monday pursuing erstwhile President Donald Trump's rally astatine Madison Square Garden.
• Oil prices plunged much than 6% aft Israel's onslaught against Iran complete nan play avoided lipid facilities.
• 4 charts backmost up Goldman Sachs' prediction of a decade of debased returns successful nan banal market.
• Here's what is astatine liking for your investments successful adjacent week's Presidential election.
• Gold has go 1 of nan world's hottest investments arsenic it outperforms nan S&P 500. Here's why.
• Donald Trump's projected migration crackdown could make lodging much costly by depleting nan building workforce.

In commodities, bonds, and crypto:

• West Texas Intermediate crude lipid plunged 5.54% to $67.80 a barrel. Brent crude, nan world benchmark, was little by 5.50% to $71.87 a barrel.
• Gold was level astatine $2,754.50 an ounce.
• The 10-year Treasury output roseate 3 ground points to 4.274%.
• Bitcoin accrued 2.49% to $69,638.