Investing.com - U.S. stocks closed Monday's session higher on positive earning anticipation and euro zone's optimism after the Merkel- Sarkozy meeting.
At the close of U.S. trade, the Dow Jones Industrial Average advanced 0.27%the S&P 500 climbed by 0.23% and the Nasdaq Composite added 0.09%.
Stock bullish news from Europe included optimistic word from German Chancellor Angela Merkel that a solution to the debt crisis may be reached as early as the end of January.
However, Sarkozy obtained the backing of Merkel on a controversial financial transaction tax.
PIMCO, the world's largest bond fund's head, Mohamed El-Erian told Bloomberg, " American company's are the cleanest dirty shirt but we have to ask the question to what extent are they being hit on revenue and to what extent can they continue to contain costs."
Today was the unofficial start of the earnings season adding to the optimistic stock sentiment on the session.
The financial sector was mixed with Goldman Sachs and JP Morgan declining 0.27% and 0.08% respectively, while Citigroup climbed 0.77%
Energy stocks advanced with Chevron adding 0.10% and Exxon climbing 0.18% after Venezuelan President Chavez stated his country will not support a World Bank tribunal in a multi billion dollar arbitration case with Exxon Mobil.
On a bearish note, Bristol Myers Squibb dropped 0.23% after agreeing to purchase Inhibitex for USD2.5 billion.
Across the Atlantic, European stock markets closed lower with the EURO STOXX 50 down 0.53%, France's CAC 40 fell 0.31%, while Germany's DAX 30 gave back 0.67 %. Meanwhile, in the U.K. the FTSE 100 dropped 0.67%.
Investors are awaiting French production numbers on Tuesday.
At the close of U.S. trade, the Dow Jones Industrial Average advanced 0.27%the S&P 500 climbed by 0.23% and the Nasdaq Composite added 0.09%.
Stock bullish news from Europe included optimistic word from German Chancellor Angela Merkel that a solution to the debt crisis may be reached as early as the end of January.
However, Sarkozy obtained the backing of Merkel on a controversial financial transaction tax.
PIMCO, the world's largest bond fund's head, Mohamed El-Erian told Bloomberg, " American company's are the cleanest dirty shirt but we have to ask the question to what extent are they being hit on revenue and to what extent can they continue to contain costs."
Today was the unofficial start of the earnings season adding to the optimistic stock sentiment on the session.
The financial sector was mixed with Goldman Sachs and JP Morgan declining 0.27% and 0.08% respectively, while Citigroup climbed 0.77%
Energy stocks advanced with Chevron adding 0.10% and Exxon climbing 0.18% after Venezuelan President Chavez stated his country will not support a World Bank tribunal in a multi billion dollar arbitration case with Exxon Mobil.
On a bearish note, Bristol Myers Squibb dropped 0.23% after agreeing to purchase Inhibitex for USD2.5 billion.
Across the Atlantic, European stock markets closed lower with the EURO STOXX 50 down 0.53%, France's CAC 40 fell 0.31%, while Germany's DAX 30 gave back 0.67 %. Meanwhile, in the U.K. the FTSE 100 dropped 0.67%.
Investors are awaiting French production numbers on Tuesday.