US STOCKS-Wall St stocks advance with major corporate earnings in view after market rout
The benchmark S&P 500 and the Nasdaq were poised to rebound from a decline over the past six sessions which had been caused by investors re-evaluating their expectations on interest rate cuts in the wake of strong economic data, geopolitical tensions, persistent inflation and commentary from Federal Reserve officials. All 11 S&P 500 sectors were trading higher, with technology and financial stocks leading gains, up between 1.70% and 1.78%. Markets were gearing up for quarterly results from megacap companies this week, including some of the so-called Magnificent Seven stocks such as Tesla, Meta Platforms, Alphabet and Microsoft.