Stocks Rise as Earnings Season Kicks Off, Led by Tech; Treasury Yields Climb

U.S. stocks were on track to end higher on Monday as investors looked ahead to third quarter earnings season starting this week.

The Nasdaq was leading gains, adding over 1% in afternoon trading. S&P 500 and Dow also advanced.

Treasury yields moved higher across the curve. The 30-year yield rose 9 basis points to 4.87%.

Earnings reports from Goldman Sachs, Johnson & Johnson, Netflix and Tesla later this week will be closely watched.

Charles Schwab stock gained after the brokerage reported better-than-expected quarterly results and said outflows were easing.