NEW YORK, July 10 (Xinhua) -- U.S. stocks traded higher in the morning session on Monday as investors get ready for the latest earning season.
At midday, the Dow Jones Industrial Average rose 10.92 points, or 0.05 percent, to 21,425.26. The S&P 500 gained 3.58 points, or 0.15 percent, to 2,428.76. The Nasdaq Composite Index increased 13.67 points, or 0.22 percent, to 6,166.75.
Performance of large banks will come into the spotlight later this week as JPMorgan, Chase, Citigroup and Wells Fargo are set to report their earnings.
Meanwhile, Wall Street is also waiting for earnings reports from large-cap technology companies.
There are no major economic data due Monday. Major inflationary and retail sales data will due out by the end of this week.
In addition, Federal Reserve Chair Janet Yellen will give her semiannual monetary policy testimony before the House Financial Services Committee on Wednesday.
On Friday, U.S. stocks rallied as Wall Street cheered over the country's much-better-than-expected jobs report for June.
Last week, all three major indices posted modest gains, with the Dow, the S&P500 and the Nasdaq going up 0.3 percent, 0.1 percent and 0.2 percent, respectively. Enditem
