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Tech stocks extend Wall Street rally as investors bet on stimulus

Apple Inc was a major support for the three main stock indexes with a 3.6 per cent gain ahead of a special event on Tuesday

coronavirus, wall street, markets
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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

Reuters
Wall Street's main indexes rose for a fourth straight session on Monday, helped by a tech boost and on optimism that Washington would reach a deal over more fiscal support, with investors also gearing up for the third-quarter corporate earnings season.

Apple Inc was a major support for the three main stock indexes with a 3.6 per cent gain ahead of a special event on Tuesday, which most analysts believe will be used to unveil the new iPhone with 5G capabilities.Amazon.com Inc climbed 3.5 per cent ahead of its annual Prime Day shopping event on Oct. 13 and 14.

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