Stocks stepped higher in muted action Monday during midday trading as investors set aside signs that China’s economic recovery is still lagging and turned their attention to this week’s stream of earnings reports.
The S&P 500 (^GSPC) ticked up 0.3%, while the Dow Jones Industrial Average (^DJI) traded up 0.2%. The tech-heavy Nasdaq Composite (^IXIC) added 0.6%.
Earlier in the going, disappointing GDP data out of China cast a cloud on prospects for recovery in the world’s second-biggest economy, which weighed on the market mood. But stocks were taking a more positive tone at last check, as investors got set for earnings season to pick up steam in coming days.
Several big-hitting quarterly results are due, including Tesla’s (TSLA) on Wednesday. On Tuesday, updates from Bank of America (BAC) and Goldman Sachs (GS) on Tuesday will be watched after strong reports from JPMorgan (JPM) and Wells Fargo (WFC) helped send stocks higher.
In general, earnings for S&P 500 companies are expected to fall 7% in the second quarter.
This content is not available due to your privacy preferences.
Click here for the latest stock market news and in-depth analysis, including events that move stocks
Read the latest financial and business news from Yahoo Finance
Read More: Stocks edge up with earnings season in center stage: Stock market news today