GO
Loading...

Stocks up before earnings; longest win streak for S&P 500 this year

U.S. stocks rose on Monday, with the S&P 500 netting its first five-day winning streak since October, as investors looked to a slew of quarterly earnings reports from companies including online film service Netflix.

"We're modestly higher because the worst-case scenario didn't happen over the weekend," said Art Hogan, chief market strategist at Wunderlich Securities, referring to geopolitical tensions involving Russia and Ukraine.

"And, on balance, earnings have been better than expectations," Hogan added.

"Investors were braced for poor results, and at least so far, the numbers have been better than feared. We'll have a little more information to act on after the close and into the morning as we get into company-specific results," said Lawrence Creatura, portfolio manager at Federated Investors.

Read MoreHere's what will drive stocks this week

Netflix, among the momentum names recently hit, reports after the close.

"Many companies in the hyper-extended corner of the technology sector were approaching valuations that were rarified, so it was probably natural and even healthy for those shares to retreat a bit," said Creatura.

Halliburton gained after the oilfield services company reported better-than-expected results. Athenahealth declined after posting quarterly earnings below expectations. Facebook gained after Goldman Sachs reiterated its buy recommendation. The social networking company is reportedly readying to unveil plans for a mobile advertising networking at the end of the month. Ford shares were slightly lower in the wake of a Bloomberg report that the auto manufacturer would name COO Mark Fields as successor to CEO Alan Mulally as soon as May 1.

Read MoreHere comes Facebook's ad network

Merger talks between Barrick Gold and Newmont Mining fell through in recent days, according to the Wall Street Journal, which cited unnamed sources. But shares of Newmont Mining rallied, while those of Newmont Mining fell, after Bloomberg News cited people with knowledge of the matter in reporting deal talks between the gold producers could be rekindled.

Symbol
Name
Price
 
Change
%Change
DJIA
---
S&P 500
---
NASDAQ
---

An index of leading indicators rose 0.8 percent last month, narrowly beating estimates.

After a 51-point climb and a 6-point fall, the Dow Jones Industrial Average climbed 40.71 points, or 0.3 percent, to 16,449.25, with Pfizer leading blue-chip gains that included 17 of its 30 components after Britian's Sunday Times cited senior investment bankers and industry sources in reporting the pharmaceutical giant was weighing a $101 billion offer for British rival AstraZeneca

The S&P 500 added 7.04 points, or 0.4 percent, to 1,871.89, with health care performing best and utilities the biggest laggard among its 10 industry groups.

The Nasdaq gained 26.03 points, or 0.6 percent, to 4,121.55.

For every three stocks falling, roughly four rose on the New York Stock Exchange, where 603 million shares exchanged hands. Composite volume cleared 2.6 billion.

The CBOE Volatility Index, a measure of investor uncertainty, fell 0.3 percent to 13.31.

The dollar gained against the currencies of major U.S. trading partners and the yield on the 10-year Treasury note used in figuring mortgage rates and other consumer loans fell a basis point to 2.716 percent.

"Interest rates are tough to forecast; there is a common perception they will ultimately climb because they feel so unnaturally low, but markets have a way of surprising people, so we'll see," said Federated's Creatura.

The price of crude added 7 cents, or 0.1 percent, to end at $104.37 a barrel; gold futures shed $5.40, or 0.4 percent, to settled at $1,288.50 an ounce on the New York Mercantile Exchange.

Gold's decline is a "macro move as people anticipate less potentially inflationary activity from the Fed," said Creatura.

On Thursday, U.S. stocks mostly climbed, with the S&P 500 extending gains into a fourth session, after companies including General Electric and Morgan Stanley reported quarterly results that topped expectations.

Wall Street was closed on Friday for the Good Friday holiday.

Factset Symbol Name Value
MKT.CVOL-BATY BATY Composite Volume 1543400000
MKT.CVOL-BATS BATS Composite Volume 100000
MKT.CVOL-CBO CBOE Composite Volume 510700000
MKT.CVOL-CHI CHICAGO Composite Volume 583300000
MKT.CVOL-EDGX EDGX Composite Volume 1547300000
MKT.CVOL-EDGA EDGA Composite Volume 1543500000
MKT.CVOL-ADF FINRA Composite Volume 1549200000
MKT.CVOL-BOS NASDAQ OMX BX 1540600000
MKT.CVOL-PHL NASDAQ OMX PSX 1494900000
MKT.CVOL-CIS NATIONAL Composite Volume 1380300000
MKT.CVOL-NYS NYSE Composite Volume 2634600000
MKT.CVOL-ASE MYSE MKT Composite Volume 102300000
MKT.CVOL-PSE NYSE ARCA Composite Volume 622600000
MKT.CVOL-NAS NASDAQ Composite Volume 1547700000
MKT.CVOL-OTC OTC BB Composit Volume 486400000
Total 17086900000

—By CNBC's Kate Gibson

Coming Up This Week:

Tuesday

Earnings: Comcast, McDonald's, Travelers, Simon Property Group, Omnicom, Xerox, United Tech, Amgen, AT&T, Canadian national Railway, CR Bard, Discover Financial, Gilead Sciences, Cree, International Gaming, Juniper Networks, Intuitive Surgical, Yum Brands, Illinois Tool Works, AK Steel, Allegheny Tech, Carlisle, Lockheed Martin, Lexmark,Harley-Davidson, Canadian Pacific Railway, Bank of NY Mellon

9:00 a.m.: FHFA home prices

10:00 a.m.: Existing home sales

10:00 a.m.: Richmond Fed

1:00 p.m.: $32 billion 2-year Treasury auction

Wednesday

Earnings: Boeing, Procter and Gamble, Facebook, Ericsson, Northrop Grumman, Norfolk Southern, Dow Chemical, Owens Corning, TD Ameritrade, Ryder Systems, Tupperware, WR Grace, Omnicare, LPL Financial, Johnson Controls, Ingersoll-Rand, EMC, F5 Networks, ETrade, Zynga, Xilinx, Texas Instruments, Dr. Pepper Snapple, Delta Airlines, Air Products, Biogen Idec, Raymond James, Morningstar, Safeway, Stryker,Qualcomm

8:58 a.m.: Manufacturing PMI

10:00 a.m.: New home sales

1:00 p.m.: $35 billion 5-year Treasury auction

Thursday

Earnings: Microsoft, Amazon.com, Caterpillar, Verizon, 3M, General Motors, UPS, United Continental, Timken, Starbucks, Freeport-McMoRan, Entergy, Jet Blue, Hershey, Imax, Noble Energy, Under Armour, T. Rowe Price, Stanley Black and Decker, Starwood, Broadcom, Applied Micro Nasdaq OMX, KKR, Peabody Energy, Potash, PulteGroup, Raytheon, Quest Diagnostics, Occidental Petroleum, NY Times, Novartis, Nucor, Altria, AstraZeneca, Amerisource Bergen, Alexion Pharma, Avnet, Brunswick, Bemis, Cabot Oil and Gas, Delphi Automotive,Eli Lilly, Dunkin Brands, DR Horton, Celgene, Pandora

8:30 a.m.: Weekly claims

8:30 a.m.: Durable goods

11:00 a.m.: Kansas City Fed survey

1:00 p.m.: $29 billion 7-year Treasury auction

Friday

Earnings: Ford, Colgate-Palmolive, Goodyear Tire, Honda Motors,Moody's, Covidien, VF Corp, Weyerhaeuser, Dana Holding, Tyco, WPP Group, State Street, AON, American Electric Power

8:58 a.m.: Services PMI

9:55 a.m.: Consumer sentiment

More From CNBC.com:

Contact US

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    To learn more about how we use your information,
    please read our Privacy Policy.
    › Learn More