However, Alphabet fell 2.6%, after the tech giant warned that expenses would remain high as more searches shift to mobile devices. The S&P tech index has been the best performing sector this year and earnings from big tech companies will be closely watched to see if the rally has legs. Amazon and Facebook, part of the high-flying “FANG” stocks, report results later this week, while Apple is due to report next week. Advanced Micro Devices, AT&T, Chipotle and Chubb are among the major companies that report after the closing bell. Eight of the 11 major S&P sectors were higher, with the financial index’s 1.45% rise leading the gainers.

Source: Mint July 25, 2017 14:03 UTC