The S&P and Nasdaq closed higher on Monday with 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 had left their troubles behind by late morning with gains in FAANG stocks - Facebook Inc, Apple, Amazon.com Inc, Netflix Inc, Alphabet Inc's Google - as well as Microsoft Corp.
In technology, Apple jumped higher after it caused a stir with the unveiling new Mac laptop computers with more powerful processor chips.
Facebook shares, under pressure