NEW YORK—Wall Street pushed higher Monday ahead of a week full of updates about where profits for big U.S. companies are heading.
The S&P 500 rose 17.37, or 0.4 percent, to 4,522.79 and its highest closing level in 15 months. The Dow Jones Industrial Average gained 76.32, or 0.2 percent, to 34,585.35, and the Nasdaq composite climbed 131.25, or 0.9 percent, to 14,244.95.
Stocks elsewhere around the world slipped after China reported weaker economic growth for the spring than economists expected. Its recovery following the removal of anti-COVID restrictions has fallen short of forecasts.
The weak data from the world’s second-largest economy helped drag crude prices lower. Benchmark U.S. oil dropped $1.27 to $74.15 per barrel. Brent crude, the international standard, lost $1.37 to $78.50 per barrel….