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Boeing ( BA ) falls on stock offering

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Small-cap Russell 2000 jumps 1.7%

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169 S&P 500 companies to report this week

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Indexes up: Dow 0.73%, S&P 500 0.42%, Nasdaq 0.53%

(Updated as of 2:15 p.m. ET)

By Abigail Summerville

Oct 28 (Reuters) - Wall Street rose on Monday ahead of a

packed week of earnings from megacap companies and the final

stretch before the Nov. 5 election, while sentiment also

improved after energy supplies were not disrupted by weekend

developments in the Middle East.

Israel's response over the weekend to an Iranian missile

attack this month focused, so far, on missile factories and

other sites near Tehran, rather than on refineries or nuclear

targets, assuaging some worries about the regional situation.

Wall Street was focused on the week ahead, notably corporate

results, with around 169 S&P 500 companies scheduled to report

through the week.

That includes the bulk of the "Magnificent Seven" group of

megacap technology stocks that have driven Wall Street to

all-time highs.

Alphabet rose 0.9%, Meta Platforms ( META ) was up

1% and Apple ( AAPL ) was 1.3% higher, ahead of their results

this week.

Last week, Nvidia ( NVDA ) surpassed Apple ( AAPL ) as the world's

most valuable company. Investors will look out for AI spending

guidance in tech earnings this week.

"The earnings will be important for the guidance that

the companies give as to what sort of capital expenditure

programs they may implement in the coming year," said Paul

Christopher, head of Global Investment Strategy at Wells Fargo

Investment Institute.

Microsoft ( MSFT ) and Amazon.com ( AMZN ) also report

earnings this week.

At 2:10 p.m., the Dow Jones Industrial Average

rose 306.22 points, or 0.73%, to 42,420.62, the S&P 500

gained 24.32 points, or 0.42%, to 5,832.44 and the Nasdaq

Composite gained 97.48 points, or 0.53%, to 18,616.08.

The small-cap Russell 2000 jumped 1.7%, outperforming

major indexes.

"This could be the market looking ahead to a soft landing

and expecting small caps to be first out of the gate as they

typically are," Christopher said. "It could also be some element

related to the Trump trade but it's very difficult to

disentangle those two."

The energy sector dropped 0.7% as crude prices

plunged 5% on easing supply worries, while financial company

shares led sectoral gains.

Economic data due this week will be crucial for assessment

of Federal Reserve policy, most notably Thursday's Personal

Consumption Expenditure Price Index, the Fed's preferred

inflation gauge.

Focus will also be on the U.S. presidential election, with

markets more broadly pricing in a second Donald Trump

administration, though the election is expected to be close.

Boeing's ( BA ) shares dipped 0.9% after the planemaker

launched a stock offering that could raise up to $22 billion in

a bid to shore up its finances amid an ongoing worker strike.

Advancing issues outnumbered decliners for a 2.01-to-1 ratio

on the NYSE and a 2.17-to-1 ratio on the Nasdaq.

The S&P 500 posted 13 new 52-week highs and two new lows,

while the Nasdaq Composite recorded 91 new highs and 51 new

lows.