Stock market today: US stocks jump ahead of crucial week of earnings and data

• US stocks emergence arsenic cardinal net and economical information are anticipated this week.
• Major tech firms, including Amazon, Microsoft, Alphabet, and Apple, are group to study earnings.
• On nan economical front, investors will beryllium paying attraction to Q3 GDP study and October jobs report.

US stocks jumped connected Monday up of what's shaping up to beryllium a pivotal week for 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.

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.

In nan lipid market, crude prices plunged much than 6%, representing nan biggest one-day diminution since September 2022 aft Israel's onslaught against Iran complete nan play avoided lipid facilities.

It's a large week for economical information arsenic well, pinch third-quarter GDP group 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.

Here's wherever US indexes stood soon aft nan 9:30 a.m. opening doorbell connected Monday:

• S&P 500: 5,834.93, up 0.46%
• Dow Jones Industrial Average: 42,414.07, up 0.71% (+299.67 points)
• Nasdaq composite: 18,634.68, up 0.59%

Here's what other is going on:

• 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 6.39% to $67.19 a barrel. Brent crude, nan world benchmark, was little by 6.05% to $71.45 a barrel.
• Gold was little by 0.21% to $2,748.80 an ounce.
• The 10-year Treasury output was level astatine 4.240%.
• Bitcoin accrued 1.46% to $68,936.