U.S. stocks ended a choppy session slightly higher on Monday. Investors are getting ready for the start of the earnings season. Roselle Chen reports.
Stocks ended the day in the green after a choppy session. Investors are getting ready for the start of the earnings season. Margie Patel, senior portfolio manager at Wells Fargo Asset Management, says two sectors will set the tone for the market: (SOUNDBITE) MARGIE PATEL, SENIOR PORTFOLIO MANAGER, WELLS FARGO ASSET MANAGEMENT (ENGLISH) SAYING: "One will be industrial companies, because many investors are very excited and hopeful that we'll start to see a ramp up in capital expenditures - whether it's just more capital expenditures in general, more from energy, or more from some sort of infrastructure development being announced. And secondly, technology, because it's a large sector, and that really will set the tone as far as general demand from a whole range of industries. And if they're doing well, then probably the rest of the economy will be doing well. So I'd say those two sectors." In financials, JPMorgan, Citigroup, and Wells Fargo are scheduled to report earnings on Thursday. Straight Path Communications surged after AT&T offered a huge premium to buy the owner of wireless spectrum licenses. Markets in Europe ended the day flat.