NEW YORK (AP) — Stocks moved broadly higher in midday trading Monday, putting the S&P 500 on track for a record high at the beginning of a busy week of corporate earnings and economic reports.

Wall Street will get reports from 156 companies in the benchmark index this week. The company news and reports on housing, consumer confidence and hiring will give investors a clearer diagnosis of the economy’s health. Investors will also closely watch the Federal Reserve’s latest decision on interest rates Wednesday.

Microsoft rose after winning a Pentagon contract, and other technology companies also climbed. AT&T led broad gains for communications companies.

The yield on the 10-year Treasury rose to 1.85% from 1.80% late Friday.

Utilities, consumer product makers and real estate companies lagged the market in another sign that investors were more confident and shifting money into riskier holdings.

The S&P 500 rose 16 points, or 0.5%, to 3,039 as of noon Eastern time, about 14 points above the record set on July 26.

The market could also have history on its side today, according to Ryan Detrick, senior market strategist for LPL Financial.

“October 28 is historically the best day of the year for stocks,” he said in a note to investors. According to Detrick, the average gain on Oct. 28 is 0.54% which would give the S&P 500 a close of 3,038.87.

The Dow Jones Industrial Average rose 113 points, or 0.4%, to 27,071. The Dow is still about 1% below its record set on July 15.

The Nasdaq rose 0.9%. The Russell 2000 index of smaller company stocks rose 0.9%.