S&P 500 Index hits new record high at 3,870

Major equity indicators from the US began the second day of the week in the positive territory as investors await quarterly earnings amounts. As of writing, the S&P 500 was up 0.35% in a new record high of 3,870, the Dow Jones Industrial Average was gaining 0.42percent at 31,085 and the Nasdaq Composite was increasing 0.25percent at 13,517.

S&P 500 Index hits new record high at 3,870

Major equity indicators from the US began the second day of the week in the positive territory as investors await quarterly earnings amounts. As of writing, the S&P 500 was up 0.35% in a new record high of 3,870, the Dow Jones Industrial Average was gaining 0.42percent at 31,085 and the Nasdaq Composite was increasing 0.25percent at 13,517.

Among the 11 leading S&P 500 businesses, the Energy Index is up 2.1% as the largest daily percentage gainer after the opening bell. On the other hand, the Utilities Index is shedding 0.65%.

Earlier in the day, General Electric Co (GE: NYSE) reported better-than-expected industrial free cash flow for the fourth quarter. Right now, GE is up 8.55% over the day at $11.94 since the best-performing S&P 500-listed stock.

Later in the semester, the Conference Board's Consumer Confidence Index will be looked upon for new impetus. More to the point, Microsoft will release its financial second-quarter earnings after the closing bell.

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