Investing.com – Wall Street opened higher on Monday morning amid a flurry of earnings results as global stocks continue to rally.
The S&P 500 rose just over half a point or 0.03% as of 10:45 AM ET (3:45 PM GMT) while the Dow composite jumped 31 points or 0.14% . Tech heavy NASDAQ Composite was down 12 points or 0.18% after hitting a record high of 6,633.65 just before the morning bell.
Climate control solution provider Lennox International Inc (NYSE:LII) was among the top movers after the morning bell, increasing 6.71% after its financial results beat analyst expectations. Technology firm Seagate Technology (NASDAQ:STX) jumped 9.07% after it released its third-quarter results while telecommunications firm T-Mobile US Inc (NASDAQ:TMUS) rose 1.82% after it reported gaining 1.3 million new customers in the third quarter.
Meanwhile financial institution State Street Corporation (NYSE:STT) fell 3.35% despite its third quarter profits rising 24%. Other low-performing stocks included conglomerate General Electric (NYSE:GE), which slumped 4.53% as investors continue to shy away after its earnings release on Friday was lower than expected. Toy company Hasbro (NASDAQ:HAS) was down 8.16% after it warned that the bankruptcy of its largest customer, Toys R Us, will hurt holiday sales.
In other news, Prime Minister Shinzo Abe won Japan’s election by a landslide, causing Japanese stocks to hit their highest level since 1996. Meanwhile in Spain, Catalonia leaders have refused to take orders from Madrid if the central government asserts control over the region.
Stocks in Europe increased despite the political turmoil. In Germany the DAX rose 20 points or 0.16% while France’s CAC 40 increased 25 points or 0.47% and in London the FTSE 100 inched forward four points or 0.05% while the pan-European Euro Stoxx jumped 11 points or 0.31%. Spain’s IBEX 35 dragged down 42 points or 0.42%.
In commodities, gold futures fell 0.39% to $1,275.48 a troy ounce while crude oil futures rose 0.37% to $52.03 a barrel. The U.S dollar index, which measures the greenback against a basket of six major currencies, increased 0.18% to 93.74.