U.S. equities and stock exchange traded funds were maintaining record levels Monday as traders optimistically looked toward quarterly earnings.
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 0.1% higher Monday.
Traders were prepping for a busy weak of corporate earnings, with Netflix (NasdaqGS:NFLX) set to reveal results after the close. Later in the week, tech firms like Microsoft (NasdaqGS:MSFT) and eBay (NasdaqGS:EBAY), along with banks like Goldman Sachs Group (NYSE:GS), Bank of America (NYSE:BAC) and Morgan Stanley (NYSE:MS) will report quarterly earnings.
According to FactSet data, of the 6% of S&P 500 companies that have revealed second quarter results as of Friday, 80% have beaten analysts’ estimates, the Wall Street Journal reports.