U.S. equities climbed Monday on strong ISM data and Amazon’s milestone valuation, ahead of key earnings and labor reports.
U.S. stocks advanced Monday, with the Dow up 1% and the S&P 500 gaining 1.3%, as better-than-expected ISM manufacturing data bolstered investor sentiment. Amazon’s stock rally pushed its market capitalization to $3 trillion, driven by accelerating AWS revenue and solid earnings growth.
The gains follow a week of corporate earnings and economic reports, including upcoming labor market data. Marriott’s improved RevPAR forecast signaled recovery in key regions, though weaker guidance and Middle East underperformance tempered optimism.
Investors are closely watching this week’s earnings and economic releases for further market direction.