Business

Snapshot: S&P 500’s tiny gain lets it set a record

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The Dow fell but the S&P 500 eked out the smallest of gains to set a record as investors assess earnings news. The index is up 22% this year, on track for its best year since 2009. Many companies report earnings this week. Rising profits have been a key reason for this year’s rally. On Monday, Hasbro surged after its net income rose 17%. Netflix jumped in after-hours trading; its net income quadrupled to $32 million. The monthly jobs report is due Tuesday. Economists predict 180,000 jobs were added in September, FactSet says. Investors may discount the report, though; it’s being published late because of the recent US government shutdown.

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