US close: Stocks extend gains as traders await earnings

At the close, the Dow Jones Industrial Average was up 0.76% at 33,629.56, while the S&P 500 advanced 1.19% to 4,019.81 and the Nasdaq Composite saw out the session 2.01% firmer at 11,364.41.

The Dow closed 254.07 points higher on Monday, extending solid gains recorded in the previous session.

Investors will be zeroed in on the Federal Reserve throughout the course of the week, with many weighing the possibility that the central bank may be close to slowing the pace of its inflation-fighting rate hikes after Governor Christopher Waller said he was in favour of a 0.25% rate increase at Fed's next meeting.

Outside of monetary policy, traders will also have a veritable array of macro data and corporate earnings to sift through this week, with the Federal Reserve's preferred inflation thermometer, the personal consumption expenditure price index, due out on Friday, and earnings from Microsoft, IBM, Tesla, Visa, and Mastercard all set to be published before the week is out.

On the macro front, the Conference Board's leading index declined sharply yet again in December 2022, dropping 1% to 110.5, following a 1.1% contraction in November. With December's fall factored in, the LEI was down 4.2% over the six months ended December - a much steeper decline that the 1.9% fall seen between December 2021 and June 2022.

No major corporate earnings were released on Monday.

Reporting by Iain Gilbert at Sharecast.com

Dow Jones - Risers

Intel Corp. (INTC) $30.27 3.59%
Salesforce.Com Inc. (CRM) $155.87 3.05%
Apple Inc. (AAPL) $141.11 2.35%
Walgreens Boots Alliance, Inc. (WBA) $36.67 2.20%
Walt Disney Co. (DIS) $105.69 2.14%
Goldman Sachs Group Inc. (GS) $349.14 2.14%
3M Co. (MMM) $122.62 1.63%
JP Morgan Chase & Co. (JPM) $137.27 1.62%
American Express Co. (AXP) $154.00 1.58%
Boeing Co. (BA) $209.97 1.55%

Dow Jones - Fallers

Procter & Gamble Co. (PG) $141.05 -1.34%
Verizon Communications Inc. (VZ) $39.63 -0.93%
Amgen Inc. (AMGN) $260.97 -0.86%
Johnson & Johnson (JNJ) $168.31 -0.25%
Unitedhealth Group Inc. (UNH) $485.81 -0.19%
Chevron Corp. (CVX) $180.66 -0.13%
Visa Inc. (V) $224.18 -0.06%
Merck & Co. Inc. (MRK) $109.88 -0.05%
Dowdupont Inc. (DWDP) $0.00 0.00%
Honeywell International Inc. (HON) $0.00 0.00%

S&P 500 - Risers

Advanced Micro Devices Inc. (AMD) $76.53 9.22%
Western Digital Corp. (WDC) $41.79 8.66%
Nvidia Corp. (NVDA) $191.93 7.59%
Nordstrom Inc. (JWN) $18.73 7.21%
Qorvo, Inc. (QRVO) $109.43 6.88%
QUALCOMM Inc. (QCOM) $131.03 6.62%
Seagate Technology Plc (STX) $63.23 6.56%
Skyworks Solutions Inc. (SWKS) $109.61 6.36%
Kohls Corp. (KSS) $32.67 6.21%
Illumina Inc. (ILMN) $216.38 5.87%

S&P 500 - Fallers

Sba Communications Corp. (SBAC) $286.27 -3.55%
Nektar Therapeutics (NKTR) $2.24 -3.45%
Schlumberger Ltd. (SLB) $55.86 -2.60%
American Tower Corp (Reit) (AMT) $215.72 -2.59%
FirstEnergy Corp. (FE) $41.14 -2.51%
Synchrony Financial (SYF) $34.56 -2.40%
Crown Castle International (CCI) $144.78 -2.25%
Pinnacle West Capital Corp. (PNW) $73.76 -2.12%
Becton, Dickinson & Company (BDX) $249.58 -1.67%
ConAgra Brands Inc (CAG) $37.43 -1.45%

Nasdaq 100 - Risers

Qurate Retail Inc. (QRTEA) $2.25 11.94%
Western Digital Corp. (WDC) $41.79 8.66%
Tesla Inc (TSLA) $143.75 7.74%
Nvidia Corp. (NVDA) $191.93 7.59%
QUALCOMM Inc. (QCOM) $131.03 6.62%
Seagate Technology Plc (STX) $63.23 6.56%
Skyworks Solutions Inc. (SWKS) $109.61 6.36%
Illumina Inc. (ILMN) $216.38 5.87%
Micron Technology Inc. (MU) $61.82 5.75%
Dish Network Corp. (DISH) $14.56 4.75%

Nasdaq 100 - Fallers

Check Point Software Technologies Ltd. (CHKP) $129.03 -2.04%
American Airlines Group (AAL) $16.17 -1.04%
Liberty Global plc Series C (LBTYK) $22.19 -0.89%
Amgen Inc. (AMGN) $260.97 -0.86%
Vodafone Group Plc ADS (VOD) $11.36 -0.79%
Trip.com Group Limited (TCOM) $38.03 -0.65%
T-Mobile Us, Inc. (TMUS) $144.37 -0.52%
Intuitive Surgical Inc. (ISRG) $255.98 -0.31%
Mercadolibre Inc. (MELI) $1,095.00 -0.28%
Liberty Global plc Series A (LBTYA) $21.53 -0.28%