Stocks saw gains Monday, spurred by optimistic anticipation of upcoming mega-cap tech earnings and a reduction in geopolitical concerns. The S&P 500 increased by 0.27%, closing at 5,823.52; the Dow Jones Industrial Average advanced 0.65% to 42,387.57; and the Nasdaq climbed by 0.26%, finishing at 18,567.19. Recent weekend airstrikes by Israel on Iran steered clear of oil and nuclear facilities, alleviating some concerns in the energy sector and leading to a 6% drop in U.S. crude futures.

Investors are closely watching for earnings reports from five of the “Magnificent Seven” companies—Alphabet, Microsoft, Meta Platforms, Amazon, and Apple—alongside essential economic data releases, including the third-quarter GDP estimate and September PCE index. The outcome of these reports, alongside the upcoming U.S. presidential election and Federal Reserve meeting next week, are expected to guide market sentiment.

Additionally, demand for U.S. Treasuries weakened, driving yields up as investors eye the upcoming debt issuance. Pre-election market stability has been notable, with the S&P 500 yet to show any 1% daily shifts this October. If this persists, it will be the first October without a major swing since 2017, and the first in an election year since 1968.