Apple’s Record High Powers Dow’s 500-Point Leap: What’s Next?

Stock Market Soars as Apple Hits Record High

U.S. stocks climbed on Monday, with teh Dow Jones Industrial Average surging over 500 points. The S&P 500 and Nasdaq Composite also saw gains. Apple’s stock was the star performer, reaching an all-time high.

Apple’s shares jumped more than 4.3%, hitting $263. analysts at Loop Capital upgraded the stock to “buy” from “hold,” citing strong demand for the iPhone. A report by Counterpoint Research showed that iPhone 17 sales outpaced iPhone 16 in the U.S. and China.

Investors were also encouraged by comments from Kevin Hassett, the National Economic Council director. He suggested the U.S. government shutdown could end this week, with help from moderate Democrats. This, along with hopes for easing U.S.-China trade tensions, boosted stocks.

President Trump expressed optimism about a “fair” trade deal with China during his meeting with President Xi jinping later this month. The third-quarter earnings season also started strong, with Tesla, Intel, Netflix, and Coca-Cola set to report soon.

meanwhile, Bitcoin (BTC) remained near $110,000. Despite the market’s positive turn, concerns about the government shutdown and trade war lingered.