(Image by Gerd Altmann from Pixabay)
(CNBC) -- The S&P 500 rose Monday as traders combed through the latest batch of corporate earnings results, searching for clues on the health of corporate America.
The S&P 500 rose 0.33% to finish at 4,151.32, while the Dow Jones Industrial Average gained 100.71 points, or 0.3%, to end at 33,987.18. The Nasdaq Composite added 0.28% to settle at 12,157.72.
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“There is a tug of war between those who are feeling optimistic that the Fed will soon be ending the rate tightening program because of softness that we’re seeing in the economy ... with those who believe the Fed will be forced to raise rates longer because the economy is not in a sense, surrendering,” said Sam Stovall, chief investment strategist at CFRA Research.
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