NEW YORK — U.S. stocks are clawing back some of the losses from their worst week in nearly a year and a half. The S&P 500 was 0.8% higher in early trading Monday. The index is coming off a four-day losing streak. The Dow Jones Industrial Average was up 264 points, and the Nasdaq composite was up 1%. Boeing climbed 3.9% after reaching a deal with its largest union on a new contract.
Later Monday, Apple will unveil its highly-anticipated iPhone 16. The new phone is the first model to be tailored specifically for artificial intelligence, with expected improvements to its often dim-witted virtual assistant, Siri. Apple shares were basically unchanged before the bell Monday. The Nikkei 225 index was hovering around its lowest level in almost a month during morning trading, and it slipped 0.5% to close at 36,215.75. Japan's gross domestic product grew by an annualized 2.9% in the second quarter, according to revised data from the Cabinet Office released on Monday. This was below expectations.
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