The Dow edged up 0.97% to 52,468.06, while the S&P 500 gained 0.42% to 7,723.06. Healthcare sector dominated the rally, with Eli Lilly leading at 4.7% and setting a record high.
Amgen, Pfizer, Johnson & Johnson and AbbVie each slipped past 2% gains, while financials rose 1.2%, lifting the broader market. Oil prices fell 1.1% as Brent dipped after reports of attacks on Saudi infrastructure, giving a brief reprieve to inflation worries.
Tech regained traction after last week's selloff: CoreWeave climbed 2.5% and the Philadelphia Semiconductor Index edged up 0.7%. Credit reporting firm Equifax leapt 11.4% on a Q3 profit beat, and toy maker Hasbro surged 5.6% after raising revenue forecasts.
The earnings calendar is packed: Netflix and SpaceX will report next day, followed by Meta Platforms and Tesla on Wednesday. Analysts will gauge whether corporate growth can withstand high financing costs amid technology spending concerns.
With Nasdaq buoyed by healthcare and tech gains and oil easing, market breadth stays positive (advancing stocks outnumber decliners 2.51 to 1 on NYSE). Traders eye the upcoming results to see if growth can sustain amid tightening conditions.