Stock market today: live updates

Stocks continued to rise even after a 10-day rise for the Dow Jones Industrial Average. The blue-chip Dow posted a gain of 2.51 points on Friday, marking its longest rally since August 2017. For the week, the S&P 500 added 0.7%, while the Nasdaq Composite fell 0.6%.

“So far, there’s no evidence of a recession. So as long as there’s no evidence of a recession, and I think the market will probably continue to melt; people are on the hunt,” Steve Eisman, senior portfolio manager at Neuberger Berman, said on CNBC’s “Squawk Box.”

Still, some market participants expect an important week for earnings, as well as the last Federal Reserve policy meeting until September, which could put the recent rally to the test. The Fed is widely expected to raise rates by a quarter of a percentage point at the end of its meeting on Wednesday. Traders will listen to Chairman Jerome Powell’s comments to get a sense of the central bank’s stance on what happens next as it attempts to secure a soft landing for the economy.

Wall Street expects earnings results this week from some 150 S&P 500 companies, or about 30% of the broader index. Big tech revenue is on deck Alphabet, Microsoft And meta. It is an important week for industrial companies and also for major oil companies.

Traders will also want to pay attention to the personal consumption expenditure index, the Fed’s favorite inflation gauge, expected to end the week.

CNBC’s Robert Hum and Yun Li contributed to the reporting.

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