(Bloomberg) -- 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. Oil tumbled.

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A week before Fed gathers to reflect on the appropriate tempo of interest-rates cuts, data is set to show underlying resilience in the US economy and a temporary hiccup in jobs growth. Investors are also awaiting results from firms accounting for nearly 42% of the S&P 500’s market capitalization, including several members of the “Magnificent Seven” group such as Apple Inc., Microsoft Corp. and Meta Platforms Inc.

“This week’s megacap tech earnings and jobs data will provide plenty of potential fuel for near-term market momentum, but it remains to be seen whether investors will want to sit on their hands until after next week’s election, especially given the volatility around the past two,” said Chris Larkin at E*Trade from Morgan Stanley. “The S&P 500 sold off the week before the 2016 and 2020 elections and rallied sharply after them.”

The S&P 500 rose 0.5%. The Nasdaq 100 added 0.5%. The Dow Jones Industrial Average gained 0.8%. The Russell 2000 of small caps climbed 1.5%. Airlines rallied, while energy shares tumbled with oil down 5.5% as Israel limited its Iran strikes to military targets. Trump Media & Technology Group Corp. rallied 14%. Boeing Co. fell 1.2% amid a $19 billion share sale.

Treasury 10-year yields advanced one basis point to 4.25%. The yen dropped as much as 1% before paring losses as investors mulled the implications of the Liberal Democratic Party and its coalition partner losing their majority.

Key events this week:

• US job openings, Conference Board consumer confidence, Tuesday

• Alphabet earnings, Tuesday

• Eurozone consumer confidence, GDP, Wednesday

• US GDP, ADP employment, pending home sales, Wednesday

• Meta Platforms, Microsoft earnings, Wednesday

• US Treasury Department holds quarterly refunding announcement of bond-auction plans, Wednesday

• China Manufacturing and non-manufacturing PMI, Thursday

• Bank of Japan rate decision, Thursday

• Eurozone CPI, unemployment, Thursday

• US personal income, spending and PCE inflation data, initial jobless claims, Thursday

• Amazon, Apple earnings, Thursday

• China Caixin manufacturing PMI, Friday

• US employment, ISM manufacturing, Friday