Wall Street advances as it braces for earnings deluge; bitcoin jumps


Stocks were higher in afternoon trading on Monday (US time) as investors geared up for the busiest week for earnings so far this season.In late trade, the S&P 500 was up 0.3 per cent, the Dow Jones is flat while the tech-heavy Nasdaq is 0.8 per cent higher. It sets up the Australian sharemarket for a positive start to the session, with futures at 5.04am AEST pointing to a gain of 9 points, or 0.1 per cent, at the open.Small company stocks outpaced the broader market in a sign that investors were feeling confident about economic growth. The Russell 2000 rose 1.3 per cent.It will be a deluge of earnings for investors this week. Of the 500 members of the S&P 500 index, 181 will report this week. Ten of the 30 members of the Dow will also release their results. Electric car maker Tesla will report its results after…

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