US stocks rise over 1% as Dow adds 515 points

US stocks closed higher on Monday, as investors awaited the next round of trade talks between Washington and Beijing. The market was supported by gains in Apple shares and optimism about a possible end to the government shutdown.

The Dow Jones Industrial Average edged up 1.12%, or 515 points, to 46,706 points.

Meanwhile, the S&P 500 Index increased 1.10%, or 71 points, to 6,735 points, and the Nasdaq Composite rose around 1.37%, or 310 points, to 22,990 points.

The 3.94% rise in Apple’s stock to $262.24 was among the key drivers supporting the Dow Jones Index, after receiving a positive recommendation from Loop Capital Markets, citing signs of improving demand trends for iPhones.

As for the European indices, the STOXX Europe 600 added 1% to 572 points, supported by a 1% gain in banking stocks, despite a 3.55% decline in the defense sector.

The German DAX 40 advanced 1.80% to 24,258 points, the French CAC 40 gained 0.4% to 8,206 points, while the British FTSE 100 rose 0.5% to 9,403 points.

In Japan, the Nikkei 225 surged 3.35% to 49,185 points, marking a new record high, while TOPIX climbed 2.45% to 3,2 points.

In the oil market, futures contracts for Brent crude for December delivery fell 0.46%, or $0.28, to $61.01 per barrel.

Meanwhile, prices of West Texas Intermediate (WTI) crude oil for November delivery edged down slightly by 2 cents, settling at $57.52 per barrel.

As for gold, futures prices for the yellow metal for December delivery rose 3.46%, or $146.1 to $4,359.40 per ounce, marking the 49th record close for the most actively traded contract since the beginning of 2025.