In the early morning of the 26th Beijing time, US stocks continued to rise at midday on Monday, with the S & P 500 index hitting a record high. The market pays close attention to the third-quarter results of US stocks. Facebook Inc this week、 Alphabet 、 Microsoft Corp、 Amazon.Com IncAnd Apple IncAnd other large technology companies will release financial results.

The Dow was up 76.87 points, or 0.22%, at 35753.89; the Nasdaq was up 94.92, or 0.63%, at 15185.13; and the S & P 500 was up 18.45, or 0.41%, at 4563.35.

The S & P 500 closed at an all-time high of 4563.45.

Driven by the results, the Dow rose more than 1% last week, recording a third consecutive week of gains, and hit an all-time high on Friday. The s & p 500 rose 1.7% last week, also recording its third straight week of gains and hitting an all-time high on Friday.

Of the 117 S & P 500 companies that have reported results so far, 84 per cent of earnings beat expectations, according to the data. Profits for the s & p 500 are widely expected to grow by 35% in the third quarter.

Anu Gaggar, global investment strategist at the Commonwealth Financial Network, said: "the wave of profit growth is driving the market up. Despite a strong start to the earnings season for US stocks, supply chain bottlenecks and labour shortages remain. "

Us stock market results continue to be released this week, with some of the largest technology companies, including Facebook Inc, Alphabet, Microsoft Corp, Amazon.Com Inc and Apple Inc, reporting results this week. In addition, including Caterpillar Inc、 Coca-Cola Company、 Boeing CoAnd McDonald's CorpInside, 1/3 of Dow JonesThe index branch will also release quarterly results this week.

Analysts expect technology companies in the S & P 500 to grow revenue by about 19 per cent in the third quarter, outperforming the average of the index's constituent stocks, but their revenue growth is expected to slow from the fourth quarter.

It is worth noting that hedge funds reduced their holdings sharply on the eve of the results of large technology stocks. According to Goldman Sachs GroupAccording to statistics, hedge fund positions in the five US giants have fallen to their lowest level in more than two years in the past month. Meanwhile, call traders who have flooded the market are retreating, with call positions betting on the rise of technology stocks falling to a 14-month low.

Although 85 per cent of technology companies so far this earnings season beat expectations, their shares fell an average of 2.4 per cent on the second day after the results were announced.

TeslaShare prices are higher. Morgan StanleyRaised its share price target to $1200 from $900m. The company reported record revenue and profits last week, including $3.113 billion in revenue in China in the third quarter, up 78.5 per cent from a year earlier.

Major us stock indexes have performed steadily since October, with both the Dow and the s & p 500 up more than 5 per cent, while the Nasdaq is up 4.4 per cent so far this month.

The energy sector, which led US stocks in October, has risen 11 per cent so far this month. The industrial, real estate, raw materials and financial sectors have all risen 7 per cent.

Lindsey Bell, chief investment strategist at Ally Invest, said: "Transport, consumer discretionary and large technology stocks have led the stock market higher over the past two weeks, indicating that concerns about supply chain tensions have receded."

"I think it's time to scale back bond purchases, but now is not the time to raise interest rates," Federal Reserve Chairman Colin Powell said on Friday. " Powell also expects inflationary pressures to ease.

U.S. Treasury Secretary Yellen said in an interview on Sunday that she expects inflation to fall to a more acceptable 2% by the middle of the second half of 2022.

Ben Gutteridge, director of Invesco Model Portfolio Services, said he agreed with Ms Yellen that "inflationary pressures seem to last longer than most people expect, so it may take a while to stabilize."

Focus stocks

Trump concept stocks such as Digital World buyout Group and Phunware fell. These stocks rose sharply last week.

Tesla, Inc. raised the prices of some Model X and Model S models. In addition, it is reported that car rental giant Hertz has ordered 100000 Tesla, Inc. cars for its fleet.

PinterestShares fell and PayPal rose. Earlier, PayPal responded to market rumors that it was not seeking to acquire Pinterest.

Shares of artificial intelligence developer Remark Holdings soared. It is understood that Remark Holdings focuses on developing and deploying artificial intelligence-based solutions for enterprises and software developers in many industries.

Social media giant Facebook Inc will release it after the close on Monday. The stock is NASDAQ.One of the worst performers since the index peaked on Sept. 7, down 16 per cent, while Amazon.Com Inc, Apple Inc and Alphabet fell about 5 per cent over the same period. Investors may be concerned about how much pressure Apple Inc's revised privacy policy has put on Facebook Inc's growth.

In addition, according to Facebook Inc's internal report, Facebook Inc is becoming more and more unpopular among teenagers and young people.

Alphabet Inc-CL CAlphabet, the parent company, will report third-quarter results after trading on Tuesday. The stock is by far the best of the five tech giants, up more than 60% this year. Wall Street expects revenue to grow by nearly 40% in the quarter.

Software giant Microsoft Corp will release first-quarter results after Tuesday's trading. Despite recent weakness, the stock is up nearly 40 per cent so far this year, and analysts expect revenue to grow nearly 20 per cent in the quarter and demand for its cloud computing business remains strong.

Apple Inc, the maker of iPhone, will report fourth-quarter results on October 28th. Investors will look for clues about how the company will respond to supply chain problems and component shortages that could threaten holiday sales. While the stock remains resilient, its 12 per cent gain so far this year lags behind the S & P 500's 20 per cent.

Amazon.Com Inc, an e-commerce and cloud computing giant, will report third-quarter results on Oct. 28. Investors want to know how the company responds to supply chain challenges and labour shortages. Revenue growth in the quarter is expected to be slightly more than 16%, the slowest pace since 2015. The stock is up less than 3 per cent so far this year.