Major U.S. stock indexes were higher in afternoon trading Monday as investors prepare for earnings reports from major technology companies and the release of important economic indicators in the coming days.

From the technical point of view, SP500 faced strong resistance in the 5870 – 5880 range and is trying to gain additional downside momentum. In case SP500 settles below the 50 MA at 5836, it will head towards the nearest support level, which is located in the 5800 – 5810 range.

There are five mega-cap tech giants worth a combined $12 trillion set to report third-quarter earnings this week.

Stocks rose at the start of the busiest week for corporate earnings, with traders also gearing up for three high-profile economic reports that will set the stage for the next Federal Reserve decision.