(CNBC) — U.S. stocks closed mildly higher Monday in low volume trade as investors readied for the first major earnings reports due Tuesday.
"I think the fact the market is holding up today is pretty impressive," said Bruce Bittles, chief investment strategist at RW Baird.
"I'm a little concerned that the energy stocks, material stocks, got a little ahead of themselves," he said. He's watching to see if the S&P 500 can close above 2,040 in the coming days and add further support to the idea the stock market has bottomed.
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