By Liz Moyer
Investing.com — Stocks rose Monday, except the tech-heavy , as another 130 companies prepared to release quarterly results this week.
The big economic data for the week comes at the end: the jobs report for April, which many are expecting will show a continued rebound in the labor market.
Upbeat earnings last week are setting the market’s tone, today’s drop in the Nasdaq notwithstanding. Tech giants Apple Inc (NASDAQ:), Facebook Inc (NASDAQ:), and Google’s Alphabet (NASDAQ:) Inc Class C (NASDAQ:)smashed expectations.
But for some companies, like Twitter Inc (NYSE:), the comparisons to last year’s results will become increasingly difficult over the year now that a surge in business during the pandemic is leveling out.
The strong performance in the recent quarter, combined with the Federal Reserve keeping rates near zero and buying bonds, continues to light a fire under the , which has set several record highs in recent weeks.