US open: Major indices extend rally at the bell

Wall Street stocks were in the green early on Monday as stocks look to extend gains recorded in their first strong session of 2023.

As of 1515 GMT, the Dow Jones Industrial Average was up 0.40% at 33,763.59, while the S&P 500 advanced 0.83% to 3,927.56 and the Nasdaq Composite came out the gate 1.58% firmer at 10,736.53.

The Dow opened 132.98 points higher on Monday following a strong performance in the previous session after non-farm payrolls came in slightly higher than expected.

Monday marks the beginning of another week full of key macroeconomic data, with last month's consumer price index out on Thursday, while earnings will also be in focus, as the likes of Bank of America, Bank of New York Mellon, BlackRock, Wells Fargo, JPMorgan Chase, Citigroup, and Delta Air Lines all report their latest quarterly figures on Friday.

As far as the bank earnings go, investors will zero in on the level of bad loan provisions and mortgages, given that although rising interest rates will be good for earnings, higher-than-expected interest rates will likely threaten credit quality, loan growth, and net interest margins.

Capitol Hill was also drawing an amount of investor attention after Republican Kevin McCarthy finally became US House Speaker after battling through 15 rounds and four days of chaotic voting. However, many view McCarthy's job to come as being even more difficult than his path to seize the gavel in the first place.

On today's macro slate, consumer credit change figures for November will be released at 2000 GMT.

In the corporate space, Uber shares traded higher after analysts at Piper Sandler upgraded the stock to 'overweight', while WD-40 will report earnings after the close.

Reporting by Iain Gilbert at Sharecast.com

Dow Jones - Risers

Salesforce.Com Inc. (CRM) $145.99 3.90%
Apple Inc. (AAPL) $132.09 1.90%
Microsoft Corp. (MSFT) $229.12 1.86%
Intel Corp. (INTC) $29.26 1.84%
Unitedhealth Group Inc. (UNH) $496.50 1.33%
Home Depot Inc. (HD) $320.94 1.07%
Cisco Systems Inc. (CSCO) $48.81 1.02%
Visa Inc. (V) $219.93 1.00%
Goldman Sachs Group Inc. (GS) $351.32 0.93%
Chevron Corp. (CVX) $177.95 0.79%

Dow Jones - Fallers

Verizon Communications Inc. (VZ) $41.47 -1.69%
Travelers Company Inc. (TRV) $191.41 -1.27%
Amgen Inc. (AMGN) $271.77 -1.25%
Merck & Co. Inc. (MRK) $113.58 -1.10%
Johnson & Johnson (JNJ) $178.80 -0.80%
Boeing Co. (BA) $211.30 -0.80%
Procter & Gamble Co. (PG) $153.16 -0.49%
McDonald's Corp. (MCD) $268.95 -0.19%
JP Morgan Chase & Co. (JPM) $137.68 -0.19%
Dow Chemical Co. (DOW) $54.97 -0.09%

S&P 500 - Risers

Nvidia Corp. (NVDA) $157.46 5.97%
Helmerich & Payne Inc. (HP) $48.48 5.85%
Advanced Micro Devices Inc. (AMD) $67.66 5.78%
Ansys Inc. (ANSS) $250.48 4.62%
National Oilwell Varco Inc. (NOV) $22.75 4.60%
Autodesk Inc. (ADSK) $195.75 4.57%
Hologic Inc. (HOLX) $81.07 4.16%
Adobe Systems Inc. (ADBE) $346.18 4.04%
Salesforce.Com Inc. (CRM) $145.99 3.90%
Occidental Petroleum Corp. (OXY) $66.11 3.70%

S&P 500 - Fallers

Regeneron Pharmaceuticals Inc. (REGN) $671.43 -8.91%
Macy's Inc. (M) $20.25 -8.47%
Baxter International Inc. (BAX) $45.79 -5.49%
Kohls Corp. (KSS) $26.18 -3.90%
Nordstrom Inc. (JWN) $16.26 -3.07%
Bath & Body Works, Inc. (BBWI) $44.79 -2.88%
Pfizer Inc. (PFE) $49.50 -2.79%
Biogen Inc (BIIB) $271.54 -2.76%
AT&T Inc. (T) $19.04 -2.51%
Northrop Grumman Corp. (NOC) $508.79 -2.42%

Nasdaq 100 - Risers

Tesla Inc (TSLA) $122.66 8.49%
Nvidia Corp. (NVDA) $157.46 5.97%
Asml Holdings N.V. (ASML) $624.80 4.86%
Autodesk Inc. (ADSK) $195.75 4.57%
Hologic Inc. (HOLX) $81.07 4.16%
Adobe Systems Inc. (ADBE) $346.18 4.04%
Mercadolibre Inc. (MELI) $908.00 3.95%
Illumina Inc. (ILMN) $209.34 3.70%
Intuit Inc. (INTU) $400.74 3.68%
Amazon.Com Inc. (AMZN) $89.22 3.64%

Nasdaq 100 - Fallers

Regeneron Pharmaceuticals Inc. (REGN) $671.43 -8.91%
Biogen Inc (BIIB) $271.54 -2.76%
Biomarin Pharmaceutical Inc. (BMRN) $106.40 -2.12%
Gilead Sciences Inc. (GILD) $86.87 -1.37%
Vertex Pharmaceuticals Inc. (VRTX) $286.31 -1.34%
Incyte Corp. (INCY) $79.85 -1.26%
Amgen Inc. (AMGN) $271.77 -1.25%
JD.com, Inc. (JD) $63.56 -1.15%
Ross Stores Inc. (ROST) $120.48 -0.90%
Sirius XM Holdings Inc (SIRI) $5.94 -0.83%