01:13 PM EDT, 10/28/2024 (MT Newswires) -- US equity indexes rose after midday Monday amid gains in most government bond yields as investors focused on quarterly earnings from index heavyweights.

The S&P 500 advanced 0.4% to 5,829.2 after closing lower last week for the first time in six, as per a note from D.A. Davidson Monday. The Nasdaq Composite rose 0.5% to 18,608.1. The Dow Jones Industrial Average climbed 0.4% to 42,393.2. All sectors except one, energy, were in the green intraday, led by utilities and financials.

Quarterly earnings from mega-caps such as Apple ( AAPL ) , Microsoft ( MSFT ) , Alphabet (GOOG, GOOGL), Amazon.com ( AMZN ) , and Meta Platforms ( META ) are due this week, starting Tuesday. Last week, Tesla's (TSLA) results helped push the Nasdaq to a new record high.

The D.A. Davidson note said investors are preparing for earnings from Wall Street's "Magnificent 7" and the final phase before the Nov. 5 presidential election.

Through Friday afternoon, more than 36% of S&P 500 companies have reported Q3 results, and earnings have increased 3.2% year-over-year, coming in lower than consensus estimates of more than 4%. Revenue has increased 3.8%, the D.A. Davidson note said. However, earnings beats are running slightly above average as 81% of S&P 500 companies have beat estimates, Deutsche Bank's Chief Global Strategist Binky Chadha said in a note Monday.

Meanwhile, US Treasury yields were mixed intraday, with the yields of maturities below one year declining intraday. The 10-year yield, however, jumped 5.6 basis points to 4.29%, its highest since late July. The two-year rate advanced five basis points to 4.15%, hovering near its strongest since early August.

In company news, Boeing ( BA ) said Monday it is launching concurrent public offerings of 90 million common shares at a par value of $5 per share and $5 billion of depositary shares, each representing a 1/20th interest in a share of newly issued Series A mandatory convertible preferred stock at a par value of $1 per share. Boeing ( BA ) shares fell 1.4% intraday, the worst performer on the Dow.

West Texas Intermediate crude oil sank 5.5% to $67.81 a barrel as Israel's retaliatory strike on Iran neither targeted the Islamic nation's oil and nuclear facilities infrastructure nor did it disrupt energy supplies.