FILE – A pedestrian walks past the New York Stock Exchange in New York City, Thursday, Oct. 27, 2022. (AP Photo/J. David Ake, File)

NEW YORK (AP) — Stocks are rising as investors grow more convinced the Federal Reserve will keep downshifting the size of its rate hikes and as Wall Street’s most influential companies prepare to report their latest results. The S&P 500 was 1.3% higher Monday. Tech companies were leading the way in a widespread rally. This upcoming week, several big-name companies are scheduled to report their results for the last three months of 2022, including Microsoft and Tesla. Investors are also growing more convinced the Federal Reserve will raise interest rates next week by just half the size of its prior hike.