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Wall Street ends up, Apple and Amazon lead the way

The New York Stock Exchange finished higher on Monday, led by technology stocks as investors continued to bank on measures to support the economy.

Apple and Amazon have also taken advantage of upcoming events they are organizing.

The Apple brand will present new products on Tuesday that could include an iPhone compatible with 5G networks. The title climbed 6.3%. As for the e-commerce giant, it jumped 4.7% as it approaches its annual Prime Day, Tuesday and Wednesday.

Both stocks largely contributed to the rise of the S&P 500, which rose 57.09 points, or 1.64%, to 3,534.22.

The Nasdaq Composite, with a strong technological component, advanced by 296.32 points (2.56%) to 11,876.26 points.

The Dow Jones index gained 0.88% or 250.62 points to 28,837.52.

The White House on Sunday called on Congress to adopt a scaled-back stimulus package, a prospect that also appears to satisfy the markets pending a larger plan after the Nov. 3 election.

“Looks like the administration is looking to strike a deal ahead of the election,” notes Brian Battle of Performance Trust Capital Partners in Chicago. “It is now for the Republican Senate to quantify the size of the sum.”

Investors turned parallel to the earnings season for the third quarter, which actually starts Tuesday with the publication of several major banks USA.

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