03:49 PM EDT, 07/22/2024 (MT Newswires) -- US benchmark equity indexes were higher ahead of Monday's close as investors awaited several key corporate earnings reports scheduled to be released later in the week.

The Nasdaq Composite was up 1.6% at 18,013.8, while the S&P 500 rose 1.1% to 5,566.9. The Dow Jones Industrial Average advanced 0.4% to 40,434.8. Among sectors, technology led the gainers, while energy and consumer staples were in the red.

Cadence Design Systems ( CDNS ) , Nucor ( NUE ) , and Brown & Brown ( BRO ) are among the companies scheduled to report their latest quarterly financial results after the closing bell.

Google ( GOOG ) parent Alphabet (GOOG, GOOGL), Tesla (TSLA), Visa (V), AbbVie ( ABBV ) , Coca-Cola (KO), International Business Machines ( IBM ) , AT&T ( T ) , 3M ( MMM ) and Charter Communications ( CHTR ) will report results later this week.

The US 10-year yield rose 1.7 basis points to 4.26%, while the two-year rate added 1.4 basis points to 4.52%.

Over the weekend, US President Joe Biden dropped out of the presidential race and endorsed Vice President Kamala Harris as the Democratic Party's nominee for president.

West Texas Intermediate crude oil fell 0.2% to $79.95 a barrel.