By Caroline Valetkevitch
NEW YORK (Reuters) - U.S. stocks rose on Monday, helped by bank, industrial and energy shares, as investors looked ahead to a strong quarterly earnings season.
Investors may also be relieved following days of worry over trade tensions between the United States and China, he said.
"If it escalates, maybe it could become a problem but the angst going into last Friday was pretty significant, and now with just the realization that we're here and the world hasn't come to an end, and we're on the eve of what's going to be a dynamite earnings season, the money is falling in," Hellwig said.
A Bank of America Merrill Lynch Global Research report showed earnings per share for S&P 500 companies for 2018 was revised higher amid better-than-expected first-quarter results, higher oil prices and stronger-than-expected U.S. economic growth.
The Dow Jones Industrial Average <.DJI> rose 314.81 points, or 1.29 percent, to 24,771.29, the S&P 500 <.SPX> gained 21.07 points, or 0.76 percent, to 2,780.89 and the Nasdaq Composite <.IXIC> added 50.40 points, or 0.66 percent, to 7,738.79.
Advancing issues outnumbered declining ones on the NYSE by a 1.81-to-1 ratio; on Nasdaq, a 1.64-to-1 ratio favored advancers.
The S&P 500 posted 20 new 52-week highs and no new lows; the Nasdaq Composite recorded 136 new highs and 26 new lows.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)