Investing.com - Investing.com - U.S. stocks traded largely higher on Monday on hopes for Apple to release upbeat third-quarter earnings, though disappointing numbers from IBM weighed on the Dow.
At the close of U.S. trading, the Dow 30 rose 0.12%, the S&P 500 index rose 0.91%, while the NASDAQ Composite index rose 1.35%.
The CBOE Volatility Index index, which measures the outlook for market volatility, was down 14.78% at 18.74.
Apple Inc (NASDAQ:AAPL) was due to release third-quarter earnings later on Monday after the closing bell, though expectations for a solid report boosted stock prices earlier.
Still, International Business Machines (NYSE:IBM) reported earlier that it was cutting its 2015 earnings forecast, pointing out it won't meet its $20 a share target, a figure that has held for five years, which weighed on broader stock indices, the Dow Jones especially.
The company's third-quarter earnings missed expectations, which also hammered its stock price.
The technology bellwether reported earnings excluding items of $3.68 a share and revenue of $22.40 billion.
Markets were expecting earnings excluding items of $4.31 a share and revenue of $23.37 billion.
Leading Dow Jones Industrial Average performers included Walt Disney Company (NYSE:DIS), up 2.00%, Nike Inc (NYSE:NKE), up 1.97%, and Home Depot Inc (NYSE:HD), up 1.80%.
The Dow Jones Industrial Average's worst performers included International Business Machines (NYSE:IBM), down 7.17%, Cisco Systems Inc (NASDAQ:CSCO), down 1.35%, and Caterpillar Inc (NYSE:CAT), down 1.07%.
European indices, meanwhile, ended the day lower.
After the close of European trade, the DJ Euro Stoxx 50 fell 1.09%, France's CAC 40 fell 1.04%, while Germany's DAX fell 1.50%. Meanwhile, in the U.K. the FTSE 100 fell 0.68%.
On Tuesday the U.S. is to release private-sector data on existing home sales.
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