Dow, S&P, and Nasdaq rise to kick off a big week of earnings
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Major market averages opened higher on Monday, as third-quarter earnings season gains steam this week with results from big financial institutions such as Bank of America (BAC), Morgan Stanley (MS) and Goldman Sachs (GS). Results are also due from United Airlines (UAL), Las Vegas Sands (LVS) and technology giants Tesla (TSLA) and Netflix (NFLX).
Early on and the Dow (DJI) was +0.8%, the S&P 500 (SP500) was +0.9%, and the Nasdaq Composite (COMP.IND) was +1.0%. 
The overnight moves followed a mixed trend for major averages in the last week, with the Dow and S&P 500 inching about 0.8% and 0.5% higher respectively. The Nasdaq Composite was fractionally lower 0.2%.
Turning to the bond markets, rates were up early on. The yield on the 10-year Treasury (US10Y), which influences mortgage rates, was up 9 bps to 4.70% and 2-year (US2Y) Treasury yield was up 3 bps to 5.08%.
Prices of gold and oil, which had gained last week as conflict in the Middle East erupted, stay in focus at the start of the week. Gold (XAUUSD:CUR) was down 0.5% to $1931 and WTI Crude Oil (CL1:COM) was trading lower by 1.5% to $86.86. 
On an economic front, the Empire State Manufacturing Index arrived at -4.60 compared to the consensus estimate reading of -5.0. 

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