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Stocks - Wall Street up Ahead of Tech Earnings

Stock MarketsJul 22, 2019 10:13AM ET
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Investing.com – Wall Street rose on Monday on the hope that technology earnings this week come in strong and top analysts' expectations.

A quarter of S&P 500 companies report earnings this week, including FANG companies like Facebook (NASDAQ:FB), Amazon (NASDAQ:AMZN) and Google (NASDAQ:GOOGL) parent Alphabet (NASDAQ:GOOG).

The Dow rose 36 points, or 0.1%, by 9:51 AM ET (13:51 GMT), while the S&P 500 was up 8 points, or 0.3%, and the Nasdaq composite gained 53 points, or 0.7%.

Chip stocks rose after news that White House economic adviser Larry Kudlow is hosting a meeting with semiconductor and software executives on Monday to discuss the U.S. ban on sales to China's Huawei.

Equifax (NYSE:EFX) rose 0.9% despite reports that it will pay $700 million to settle various federal and state investigations into a 2017 data breach that exposed the personal data of nearly 150 million Americans.

Halliburton (NYSE:HAL) surged 7% after posting strong earnings, while Micron (NASDAQ:MU) jumped 2.5% after Goldman Sachs (NYSE:GS) lifted its stock to buy from neutral.

Elsewhere, Netflix (NASDAQ:NFLX) lost 2.7%, while AT&T (NYSE:T) was down 1.2% and Coca-Cola (NYSE:KO) slipped 0.3%

In commodities, crude oil rose 1.2% to $56.30 a barrel as tensions grew in the Middle East. Gold futures inched up 0.2% to $1,429.25 a troy ounce, while the U.S. dollar index, which measures the greenback against a basket of six major currencies, was flat at 96.865.

Stocks - Wall Street up Ahead of Tech Earnings
 

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