Wall Street rises ahead of bank earnings and Powell’s testimony this week

NEW YORK (AP) — Stocks rose slightly in morning trading on Wall Street Monday, adding to the record highs set last week.

The S&P 500 rose 0.2%. The Nasdaq was up 0.1% and the Dow Jones Industrial Average was up 209 points, or 0.5%, as of 9:59 a.m.

Shares of specialty glass maker Corning rose 8.6%, one of the biggest gains on the market after it raised its sales forecast.

Troubled planemaker Boeing rose 2.1% after agreeing to plead guilty to a criminal fraud case related to two 737 Max crashes that killed 346 people. The government found the company violated an agreement that shielded it from prosecution for more than three years.

Shares of entertainment giant Paramount Global fell 3.3% after it agreed to merge with Skydance.

Traders are eagerly awaiting several earnings reports this week, including an update from Delta Air Lines due on Thursday.

JPMorgan, Citigroup and Wells Fargo are set to report earnings on Friday. The latest news for banks could give Wall Street a clearer picture of how consumers are coping with increased debt and whether banks are worried about payments and potential delays.

Federal Reserve Chairman Jerome Powell addresses Congress on Tuesday and Wednesday.

Treasury yields were relatively stable in the bond market. The yield on the 10-year Treasury note remained at 4.28% as of late Friday.

European shares rose after the French election, which saw parliament split into left, centre and far-right groups, with no political faction coming close to winning a majority.

Stock markets in Asia fell.

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AP business writers Zimo Zhong and Matt Ott contributed to this report.

Damian J. Troise, Associated Press