US equities are edging higher at midday Monday as strong earnings reports spurred bullish Wall Street strategists to raise their targets on the S&P 500 this year despite lingering concerns about the duration of the Iran war.US equities are edging higher at midday Monday as strong earnings reports spurred bullish Wall Street strategists to raise their targets on the S&P 500 this year despite lingering concerns about the duration of the Iran war. S&P 500 Opens Flat With Chip Stocks Gaining, Trump Criticizes Iran Response – Bloomberg
US equities resumed their advanced midmorning Monday, as strong earnings reports spurred bullish Wall Street strategists to raise their targets on the S&P 500 this year despite lingering concerns about the duration of the Iran war.
The S&P 500 rose 0.2% at 11:19 a.m. in New York, led by the energy and materials sectors. Nvidia Corp. contributed the most to the index’s gain on Monday as ongoing strength in chip stocks buoyed the US benchmark. Qualcomm Inc. and Micron Technology Inc. were among the top performers in the benchmark. The tech-heavy Nasdaq 100 edged up 0.1%, while the Dow Jones Industrial Average erased earlier losses to trade little changed.
