U.S. stocks open higher ahead of Big Tech earnings, central-bank decisions

U.S. stock indexes opened higher on Monday, as the Dow Jones Industrial Average looking to extend its 10-session winning streak. Investors are awaiting a batch of earnings reports from megacap growth and technology companies while eying on monetary-policy decisions from the world's major central banks amid continued signs that inflation is easing. The Dow industrials rose 88 points, or 0.3%, to 35,319. The S&P 500 gained 0.4% and the Nasdaq Composite advanced 0.5%. Corporate results due on Monday include Domino's Pizza (DPZ), Whirlpool (WHR), Logitech (LOGN.EB) and NXP Semiconductors (NXPI). Alphabet (GOOGL) and Microsoft (MSFT) will report their numbers on Tuesday; Meta (META) on Wednesday; and Intel (INTC) on Thursday. The Federal Reserve is expected to raise interest rates by 25 basis points after its policy meeting this week. Policymakers will release a statement announcing their decision Wednesday at 2 p.m. Eastern, while Fed Chair Jerome Powell will hold a press conference at 2:30 p.m..

-Isabel Wang

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07-24-23 0935ET

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