stock Market Rises as Apple Hits Record High
U.S. stocks climbed on Monday, with the Dow Jones industrial Average surged over 500 points. The S&P 500 and Nasdaq Composite also saw gains.
Apple’s success was a key driver. Analysts at Loop Capital upgraded Apple’s stock soared to a new peak, driving the Dow Jones Industrial Average up by over 500 points.
apple’s shares jumped more than 4.3%, reaching $263. Analysts at Loop Capital upgraded the stock to “buy” from “hold,” citing strong demand for the iPhone 17. Counterpoint Research reported that iPhone 17 sales surpassed those of the iPhone 16 in both the U.S.and China.
Other major indexes also gained. The S&P 500 rose by 1.2%, and the Nasdaq Composite climbed 1.5%. This positive momentum contrasts with last week’s market close.
Investors were also encouraged by comments from Kevin hassett, the National Economic Council director.He suggested that the U.S. government shutdown could end this week, with “moderate” Democrats helping to resolve the impasse. President Trump expressed optimism about reaching a “fair” trade deal with China during his upcoming meeting with President Xi Jinping.
The third-quarter earnings season is off to a strong start, with companies like tesla, Intel, Netflix, and Coca-Cola set to report in the coming days. This, along with easing trade tensions, has boosted investor confidence.
