The S&P and Nasdaq closed higher on Monday with the biggest boosts from the highest-profile technology and communications companies while investors eyed product news from Apple Inc. and appeared optimistic about the third-quarter earnings season.
After a weak start following disappointing economic data from China, the S&P and Nasdaq gathered steam in late morning with gains in FAANG stocks—Facebook Inc., Apple, Amazon.com Inc., Netflix Inc., Alphabet Inc.’s Google—as well as Microsoft Corp.
