S&P 500, Nasdaq advance ahead of mega-cap companies’ earnings

[NOUVEL YORK CITY, USA] U.S. stocks were mostly higher on Monday as investors bought into last week’s dip. The technology trade pushed higher ahead of important earnings this week. The benchmark S&P 500 (SP500 [https://seekingalpha.com/symbol/SP500]) closed +0.4%, while the heavy-tech Nasdaq Composite (COMP:IND [https://seekingalpha.com/symbol/COMP:IND]) ended +1.1%, and the blue-chip Dow (DJI [https://seekingalpha.com/symbol/DJI]) finished -0.1%. “Dip buyers are stepping in, but the triggers that caused the selloff are still present—oil is still rising, interest rates are still rising, and there are no fundamental reasons to expect the reversal,” said Seeking Alpha analyst Damir Tokic [https://seekingalpha.