Wall Street extended its gains Monday from last week’s rally, the market’s best in three months.
The S&P 500 rose 1.6% to 3,534.22, with Big Tech stocks, including Apple and Microsoft, powering much of the gains.
The S&P 500 is now within 1.4% of its all-time high set Sept. 2.
S&P 500 earnings are expected to be down 20.5% from a year earlier, according to FactSet.
But that’s not as bad as the 31.6% drop that S&P 500 companies reported for the spring quarter.