NEW YORK (AP) — The Standard & Poor’s 500 index eked out the smallest of gains to set a record high Monday as investors assessed third-quarter earnings news.
Earnings will hold investors’ attention this week as major U.S. companies including McDonald’s, Boeing and Procter & Gamble report their results. Rising profits have been one of the key supports for this year’s rally in stocks.
Toymaker Hasbro and the V.F. Corporation were among the biggest gainers in the S&P 500 after reporting earnings that beat analysts’ expectations. Stocks climbed last week after Washington reached a deal to end a 16-day government shutdown and avert a default on the nation’s debt.