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Luxury sportscar maker Ferrari has surged back to second-quarter growth. The company on Monday posted a 206-million-euro ($245 million) profit after seeing its earnings drop precipitously in the same period a year ago due to the pandemic shutdown. Based in the northern Italian city of Maranello, Ferrari said net profit for the three months ending June 30 compared with 9 million euros last year, when the company was forced to shut production for seven weeks. It was also an improvement over the 184 million euro profit posted in the same period of 2019, before the pandemic.  

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Stocks were rising in early trading Monday as investors embraced another strong set of earnings as well as progress in Washington to pass a large infrastructure package. The S&P 500 was up 0.4%. The indexes ended July higher, the sixth straight month of gains. This week will be one of the busiest for investors in some time. Roughly 150 members of the S&P 500 will report their results and the July jobs report comes out on Friday. Square rose 7% after saying it would acquire the “buy now, pay later” company Afterpay for $29 billion.