U.S. stocks climbed on Monday, helped by gains in Apple, Microsoft and Merck & C...
- U.S. stocks climbed on Monday, helped by gains in Apple, Microsoft and Merck & Co, as investors set aside worries about the U.S.-China trade war.
Shares of Apple Inc rose 2.4% after Chief Executive Officer Tim Cook told a German daily that sales of the company’s newest iPhones were off to a strong start, while JP Morgan raised its forecast for shipment volumes. Apple is struggling to reverse shrinking iPhone sales amid tepid global demand for smartphones.
Also helped by a 0.9% rise in Microsoft Corp , the S&P 500 technology index .SPLRCT added 1.0%, leading other sectors. Sentiment on Wall Street got an additional boost after White House trade adviser Peter Navarro dismissed reports that the Trump administration was considering delisting Chinese companies from U.S. stock exchanges as “fake news.”
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