US Stocks Rise Amid Apple Launch

US stocks experienced a rebound on Monday, driven by Apple's launch of the new iPhone 16, which is designed with generative artificial intelligence features. The Dow Jones Industrial Average and S&P 500 both rose 1.2%, as analysts noted a wave of bargain hunting following last week's losses attributed to concerns over a slowing economy. Investors are closely monitoring upcoming economic indicators, including a consumer price index report and a presidential debate between Vice President Kamala Harris and former President Donald Trump. In addition to Apple, Boeing's stock rose 3.4% after a labor agreement, while Alphabet's shares fell amid a new antitrust trial. The stock market's overall positive movement was attributed to improved sentiment after a historically challenging September start. Apple's product announcements included updated Apple Watches and AirPods, with the iPhone 16's pricing remaining unchanged at $799 for the base model.