Stock market today: Wall Street drifts higher ahead of a big week for earnings reports [Video]

Wall Street is drifting higher Monday following its three-week losing streak.

The S&P 500 was 0.5% higher in afternoon trading. The Dow Jones Industrial Average was up 191 points, or 0.5%, as of 12:50 p.m. Eastern time, and the Nasdaq composite was 0.6% higher.

Truist Financial rose 3.7% for one of the bigger gains in the market after it reported better profit for the start of the year than analysts expected.

Zions Bancorp. also climbed on a stronger report than expected. Analysts called it a solid showing, and its stock added 3% to recover some of the sharp slide it took last year on worries surrounding the strength of the larger regional-banking industry.

They helped offset a 3.4% drop for Tesla, which announced more cuts to prices over the weekend. Elon Musk’s electric-vehicle company has seen its stock drop more than 40% already this year, and it will report its first-quarter results on Tuesday.

It’s a big week …