![]() ![]() crude futures, which finished up 2.2% to $78.74 per barrel – their highest close since April. Energy was by far the best performer, jumping 1.6% thanks to solid preliminary earnings from oil major Chevron ( CVX, +2.0%), which said it distributed a record $7.2 billion to shareholders through stock buybacks and dividends in Q2.Īlso boosting oil stocks were rising U.S. Today's stock market gains were fairly broad based, with all but two of the 11 S&P 500 sectors closing higher. Keep an eye on energy stocks as oil prices climb Shares in the maker of Barbie toys climbed 1.8%, and are now up 21% for the year-to-date. Mattel ( MAT) also got a lift from Barbie's blockbuster weekend. The meme stock has had a volatile year, but is now up 44% since the start of 2023. A Delaware judge on Friday blocked the plan AMC previously submitted. Separately, AMC CEO Adam Aron said the company submitted a modified proposal to convert its AMC Entertainment Holding ( APE, -0.3%) preferred shares into common stock. In single-stock news, AMC Entertainment Holdings ( AMC) spiked 33.0% after the cinema chain said it had its busiest weekend since 2019 thanks to the weekend releases of Barbie and Oppenheimer. Meanwhile, the tech-heavy Nasdaq Composite tacked on 0.2% to 14,058, while the broader S&P 500 added 0.4% to 4,554. The blue chip Dow Jones Industrial Average rose 0.5% to 35,411, marking its 11th straight gain, or its longest daily win streak since 2017. Big Tech will be in focus over the next several days, with blue chip stocks Alphabet ( GOOGL, +1.3%) and Microsoft ( MSFT, +0.4%) set to disclose their quarterly results after tomorrow's close.Īhead of these key – and potentially market-moving – events, the major benchmarks closed modestly higher. ![]() "About 18% of S&P 500 names have reported and 40% more will release earnings this week," says Michael Reinking, senior market analyst at the New York Stock Exchange. Additionally, an onslaught of corporate earnings reports are slated for release over the next several days. ![]()
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