Apple announced new iPhones The company, which is seeking to revive growth after a difficult period of sales, has created generative artificial intelligence. The tech giant’s shares rose less than 0.1%.
Analysts said bargain hunting was a driving factor behind last week’s losses, which came amid concerns about a slowdown in the U.S. economy exacerbated by seasonal dynamics. Analysts noted that September was a historically weak period for stocks.
The Dow Jones Industrial Average closed up 1.2 percent at 40,829.59 points.
The broad-based S&P 500 also advanced 1.2 percent to 5,471.05, along with the technology-rich indexes. Nasdaq Composite Indexwhich ended at 16,884.60.
Markets are keeping an eye on Wednesday’s consumer price index report, which will be closely watched ahead of an upcoming Federal Reserve decision.
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The calendar also includes the highly anticipated presidential debate between Vice President Kamala Harris and former President Donald Trump. Among other companies, Boeing rose 3.4 percent after announcing a preliminary agreement with a Seattle-based machinists union that would avert a strike. Workers will vote on the proposal on Thursday.
Google parent company Alphabet has fallen after the tech giant began its second major antitrust trial in less than a year, with the US government accusing the tech giant of unfairly dominating online advertising and stifling competition.
Norfolk Southern gained 2.7 percent. The Wall Street Journal reported that CEO Alan Shaw will soon leave amid an investigation into an inappropriate relationship with an employee.
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