U.S. equities and stock exchange traded funds continued their forward march to start off another earnings-filled week, brushing off President Donald Trump’s comments on breaking up big banks.
The S&P 500 Index, along with related funds including the SPDR S&P 500 ETF (NYSEArca: SPY), iShares Core S&P 500 ETF (NYSEArca: IVV) and Vanguard 500 Index (NYSEArca: VOO), were up 0.3% Monday.
First quarter earnings have been a supporting factor in maintaining momentum in what some fear is a pricey market. Looking ahead, Pfizer (NYSE: PFE) and Apple (NasdaqGS: AAPL) will report earnings Tuesday. American International Group (NYSE: AIG) and Facebook (NasdaqGS: FB) are set to reveal their results Wednesday and Berkshire Hathaway (NYSE: BKB.B) on Friday.
“We’re sort of stuck between risk-on and risk-off,” Mike Bailey, director of research at FBB Capital Partners, told the Wall Street Journal. Investors are “catching their breaths, waiting for the next catalyst.”