us stocks rose solidly monday building on last weeks gains as investors assessed the potential size of future federal reserve rate increases and awaited a slate of major tech company earnings the dow rose 49 last week while the sp 500 advanced 5 for their largest such gains since the week ended june 24 the nasdaq composite gained 52 last week its biggest rise since the week ended july 29 a report in the wall street journal that the federal reserve would debate whether to consider trimming the size of rate hikes in december helped contribute to fridays showing two regional fed presidents charles evans and mary daly warned that rates could go too high no comments are expected this week ahead of the feds twoday ratesetting meeting that ends nov 2 markets also are gearing up for a wave of earnings including from tech giants alphabet googl microsoft msft meta platforms meta apple aapl and amazon amzn this week seestockmarket investors brace for busiest week of earnings season heres how it stacks up so far ipek ozkardeskaya senior analyst at swissquote bank points out that the correlation between sp 500 stocks is at the highest levels since july 2020 which makes this weeks big tech results even more crucial for the overall market mood as apple microsoft alphabet and amazon together stand for 20 of the sp 500s total valuation uslisted chinese companies including alibaba 9988hk were under pressure after a tumble overnight in the hang seng  after chinese president xi jinping stacked the chinese communist party leadership with close allies tesla inc shares tsla felt pressure after bloomberg reported the electric vehicle maker cut prices in china more positively uk treasury yields fell as exhedgefund manager and former chancellor of the exchequer rishi sunak became conservative party leader clearing the way for him to succeed liz truss as prime minister