Stocks rose Monday as investors traded ahead of a busy week for corporate earnings and weighed the Federal Reserve's next rate decision later this month. The Dow Jones Industrial Average climbed over 250 points, while the S&P 500 Index and Nasdaq Composite rose 1.2% and 2%, respectively.
Here's how the market settled on Monday:
S&P 500 Index
Dow Jones Industrial Average
Nasdaq Composite Index
In the spotlight on Monday, Salesforce
"Salesforce is one of the preeminent software companies in the world, and having followed the company for nearly two decades, we have developed a deep respect for Marc Benioff and what he has built," Elliott managing partner Jesse Cohn said in a statement. "We look forward to working constructively with Salesforce to realize the value of befitting a company of its stature."
"Like many other leaders, I hoped to sustain the strong tailwinds from the pandemic and believed that our broad global business and lower risk to the impact of a slowdown in ads would insulate us," said CEO Daniel Ek in a note to employees posted publicly on the company's website.
Monday's rally follows a winning week for the S&P 500 and Nasdaq. The Dow is also bouncing off of its losing week, with the major average falling just under 2%.
Looking ahead, investors are preparing for earnings reports from technology giants like Microsoft