2017.10.1621:40:00UTC+00Wall Street Climbs as Earnings Eyed

U.S. stocks notched record peaks on Monday, ahead of a long list of earnings this week, while financial shares rebounded from the previous week's declines.

The Dow Jones industrial average rose 0.37 percent to 22,956.96. Shares of JPMorgan Chase advanced two percent to lead the 30-stock index.

The S&P 500 climbed 0.2 percent to 2,557.64, as telecommunications and financials led gainers. Declines in real estate and health care pared further gains on the S&P 500.

The Nasdaq composite was up 0.3 percent to 6,624. The three indexes reached record intraday and closing peaks, adding to recent records.

The S&P 500 financial index advanced 0.6 percent following three days of declines. Shares of banks mostly dropped last week after they posted results.

Health Care stocks were among the biggest decliners, with the index slipping 0.4 percent.

Netflix posted third-quarter earnings and revenues that surpassed expectations. Its stock notched a record peak last week after analysts at Goldman Sachs predicted the company will post subscriber gains above expectations. Shares of Netflix advanced 1.6 percent; they also reached a record peak earlier in the session.

Apple rose 1.8 percent after analysts at KeyBanc Capital Markets improved the stock to overweight from sector weight, citing that the company will post better-than-expected earnings in 2018.

The reporting period moves forward this week, and with the S&P 500 already higher by 14 percent so far in 2017, investors are hoping results and guidance will justify the relatively high valuation of stocks.