Stock Market News

Tech leads US stocks higher; oil gains.

The Dow Jones Industrial Average rose 17.7 points, or 0.07%, to 27,171.9, the S&P 500 gained 8.42 points, or 0.28%, to 2,985.03 and the Nasdaq Composite added 57.65 points, or 0.71%, to 8,204.14.

US stocks gained ground on Monday at the onset of a heavy earnings week, while European shares inched higher as investors took heart from potential progress in US-China trade talks and increasing geopolitical tensions sent oil prices climbing.

Tech pushed Wall Street into positive territory as investors girded themselves for a week of second-quarter results from major industrial and technology companies and eyed the US Federal Reserve’s expected interest rate cut at the end of the month.

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