U.S. stocks rose to start August as investors cheered strong earnings growth.
The S&P 500 added 0.2% Monday after closing out a sixth consecutive monthly advance. The Dow Jones Industrial Average added about 40 points, or 0.1%. The tech-heavy Nasdaq Composite gained 0.4%.
Investors have been upbeat that the economic expansion will boost corporate profits and enable stocks to keep rising, albeit at a slower pace.
A record number of companies have been beating analysts’ estimates for earnings this season, according to Deutsche Bank. And this week, traders will be parsing earnings from companies including Uber Technologies and Ford Motor.
“There are a …
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