Wall Street surges on Apple, Microsoft, Amazon

REUTERS: Wall Street surged on Monday, fueled by expectations of a coronavirus relief package and by a rally in Amazon, Apple and other technology stocks ahead quarterly earnings season.

Optimistic sentiment dominated after the Trump administration on Sunday called on Congress to pass a stripped-down coronavirus relief bill as negotiations on a broader package ran into resistance. Betting odds aggregated by RealClearPolitics suggest bettors see a 67per cent chance Biden will win and a 33per cent chance for Trump, the greatest gap so far between the two candidates.

The Dow Jones Industrial Average was up 1.13per cent at 28,910.08 points, while the S&P 500 gained 2.01per cent to 3,546.95.The S&P 500 energy index fell 0.4per cent as oil prices dropped on easing supply worries.

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