- The S&P 500 hit a new all-time high after opening the bell.
- The S&P 500 energy index is up more than 2%.
- Investors remain focused on key quarterly earnings reports.
The main US stock indices They started the second day of the week in positive territory as investors await quarterly earnings figures. At time of writing, the S&P 500 was up 0.35% to a new high of 3,870, the Dow Jones Industrial Average was up 0.42% at 31,085 and the Nasdaq Composite was up 0.25% at 13,517.
Among the top 11 sectors in the S&P 500, the Energy Index is up 2.1% as the highest percentage of daily gain after the opening bell. On the other hand, the public services index lost 0.65%.
Hours earlier, General Electric Co (GE: NYSE) reported better-than-expected industrial free cash flow for the fourth quarter. So far, GE is up 8.55% on the day to $ 11.94 as the top performing stock traded on the S&P 500.
Later in the session, the Conference Board Consumer Confidence Index will be considered for fresh momentum. More importantly, Microsoft will release its fiscal second quarter earnings after the closing bell.
S&P 500 chart (daily)
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