Stocks Rise Ahead of Amazon, Alphabet Earnings
The S&P 500 rose 1%, a day after the broad stocks gauge posted its biggest one-day advance since November. The Dow Jones Industrial Average gained 306 points, or 1%, and the technology-heavy Nasdaq Composite Index climbed roughly 1.2%.
Stock markets have steadied globally this week after a choppy January, when extreme moves in some individual stocks, signs of a slowdown in the U.S. economy, and concerns about the pace of the vaccine rollout and new coronavirus variants weighed on share prices. Investor sentiment has been lifted by robust earnings reports from large-cap companies, as well as a decline in coronavirus cases in the U.S. and several other major economies.
Investors will parse quarterly earnings from