Xinhua/Wang Ying/ Getty ImagesUS stocks rose on Monday after second quarter earnings continued to impress investors.According to FactSet, the fastest increase in profit growth for S&P 500 companies since 2009 is seen.Subscribe to our daily newsletter 10 Things Before The Opening Bell.US stocks rose Monday after investors were impressed with second quarter earnings results. Profit growth among S&P 500 companies saw its fastest increase since 2009.According to FactSet data, 88% of S&P 500 companies have reported earnings. This is more than half the number that has reported earnings.Analysts have increased their earnings estimates for the 3rd quarter due to strong earnings beats. Consumers continue to drive the economy higher during the ongoing post-pandemic recovery.Here are the US indexes shortly after the 9:30 AM. ET opens MondaySquare dropped as high as 5% Monday, after Afterpay acquired fintech platform "buy now and pay later" for $29 billion in an all stock deal.HSBC's earnings results exceeded profit estimates. As the economy continues to recover from COVID-19, the bank has lowered its loan loss provisions.Lower oil prices. West Texas Intermediate crude fell as much as 1% to $73.21 a barrel. Brent crude oil, the international benchmark for oil, dropped 0.9% to $74.73 a barrel.Gold dropped 0.36% to $1,810.70 an ounce.
