Wall Street Rallies as Stocks Near Record Highs

Stocks surged on Wall Street, nearing their record highs after recent fluctuations. The S&P 500 increased by 1.1%, and the Dow Jones gained 515 points, driven by strong Apple performance and recovering bank stocks. Major companies like Tesla and Coca-Cola are set to release earnings this week.

Stocks rallied significantly on Wall Street, approaching record levels, following last week's turbulent trading sessions. The S&P 500 surged by 1.1%, coming within 0.2% of its peak from earlier this month. Meanwhile, the Dow Jones Industrial Average made a notable jump, climbing 515 points, and the Nasdaq composite added 1.4% to its value.

Apple played a crucial role in lifting the market amid growing optimism over the demand for its latest iPhone model. Bank stocks also experienced increases, regaining some ground after their losses last week. Market watchers are looking ahead to financial results from big-name companies such as Coca-Cola, Tesla, and Procter & Gamble later this week.

The positive trend wasn't limited to Wall Street. Stock markets saw gains across Europe and Asia as investor confidence appeared to strengthen globally.

(With inputs from agencies.)