Stocks rose at the start of a busy earnings week, with major indexes climbing toward record highs set earlier in October.
The possibility of an easing of tensions between the United States and China has boosted investor confidence, said Joseph Brusuelas, chief economist at RSM. President Trump announced he would soon meet with Chinese leader Xi Jinping, and Treasury Secretary Scott Bessent said Friday he would meet with his Chinese counterpart in person this week.
A rise in Apple boosted major indexes. Stocks hit a new intraday high after a report that sales of this year’s iPhone models were off to a strong start.
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