NEW YORK, July 22 (Xinhua) -- U.S. stocks gained on Monday as Wall Street is anticipating more strong earnings reports.
The Dow Jones Industrial Average was up 17.70 points, or 0.07 percent, to 27,171.90. The S&P 500 rose 8.42 points, or 0.28 percent, to 2,985.03. The Nasdaq Composite Index increased 57.65 points, or 0.71 percent, to 8,204.14.
Six of the 11 primary S&P 500 sectors closed higher, with technology climbing 1.22 percent, outpacing the rest. Consumer staples shed 0.53 percent, the worst-performing group.
Chipmaker stocks advanced broadly, contributing to the tech sector. Applied Materials soared 6.11 percent, while Lam Research and Micron Technology closed up 4.4 percent and 3.67 percent, respectively.
A big wave of companies is expected to report earnings this week including Alphabet, Amazon and Boeing.
So far, more than 15 percent of the S&P 500 companies have posted quarterly results. Of those companies, 78.5 percent have topped analysts' expectations for earnings while 67 percent have reported better-than-expected quarterly revenues, according to CNBC, citing FactSet data. Enditem
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