Stocks gain ground on Wall Street ahead of tech earnings

By DAMIAN J. TROISE
AP Business Writer

Stocks gained ground in afternoon trading on Wall Street Monday as investors look ahead to another busy week of earnings reports, this time from major technology companies including Facebook and Apple. The S&P 500 rose 0.5%. The Dow Jones Industrial Average rose 0.3% and the Nasdaq rose 0.7%. Major U.S. indexes are coming off three weeks of gains. Tesla rose 7.6% after Hertz said it would order 100,000 electric vehicles from the company. European markets were mixed and Asian markets closed mostly higher. Energy prices rose. The yield on the 10-year Treasury note fell to 1.63%.