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Apple’s rally pulls Wall Street to the cusp of its record
Apple's 3.9% stock rise drove a 1.1% gain in the S&P 500 as major indexes approached record highs amid easing banking concerns and strong iPhone demand.
- Apple Inc. led gains on Monday, rising 3.9% amid optimism about its latest iPhone, as U.S. stocks rallied to the cusp of records with the S&P 500 climbing 1.1%.
- Stocks of smaller and midsized banks climbed Monday, recovering losses while investors anticipate a busy earnings week including Coca-Cola on Tuesday, Tesla on Wednesday and Procter & Gamble on Friday.
- The Nasdaq gained 22990.54, the S&P 500 added 71.12 points, and Amazon's stock rose 1.6%.
- Federal Reserve officials have indicated they're likely to cut rates several more times, complicating policy as inflation and the job market diverge, and the 10-year Treasury yield eased to 3.98% from 4.02%.
- Corporate profit reports have taken on extra importance because they offer windows into U.S. economic strength while the government shutdown has delayed key economic updates.
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Apple’s rally pulls Wall Street to the cusp of its record - Boston News, Weather, Sports
NEW YORK (AP) — U.S. stocks rallied on Monday to the cusp of their records. The S&P 500 climbed 1.1% and pulled within 0.3% of its all-time high set earlier this month. The Dow Jones Industrial Average jumped 515 points, or 1.1%, and the Nasdaq composite gained 1.4%. Apple led the way and rose 3.9% amid optimism about demand for its latest iPhone design. It was the strongest force lifting the S&P 500 and set its own record high. Cleveland-Cliffs…
·Boston, United States
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The Billings Gazette+3 Reposted by 3 other sources
Apple's rally pulls Wall Street to the cusp of its record
NEW YORK — U.S. stocks rallied on Monday to the cusp of their records.
·Billings, United States
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Gains of more than 1% for all indices that again approached their records - Technology stocks won
Coverage Details
Total News Sources45
Leaning Left11Leaning Right3Center20Last UpdatedBias Distribution59% Center
Bias Distribution
- 59% of the sources are Center
59% Center
L 32%
C 59%
Factuality
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