Stocks rose on Monday as investors anticipated strong earnings reports from major technology companies, driving the Nasdaq Composite higher. The S&P 500 and Dow Jones Industrial Average also saw gains. A decrease in geopolitical tensions helped boost market sentiment, with oil prices falling after weekend airstrikes by Israel on Iran did not target key facilities. This week will be busy with third-quarter earnings reports and the upcoming U.S. presidential election. Key economic data, including the September jobs report, PCE price index, and GDP, will also be released this week. Traders are particularly focused on tech companies’ commitment to AI and tech spending.
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