Dow, S&P 500, Nasdaq jump as Apple leads tech stocks higher ahead of busy earnings week

Market Overview - US stocks experienced a rally, with the Dow Jones Industrial Average increasing by over 1.1% (more than 500 points), the S&P 500 rising almost 1.1%, and the Nasdaq Composite gaining about 1.4% due to strong demand for the iPhone 17, which pushed Apple stock to a record high [1] Earnings Season - The earnings season is gaining momentum, with significant reports expected from Tesla, Intel, Netflix, and Coca-Cola, creating optimism among investors [2] - Zions Bancorp's third quarter results are anticipated, following concerns about bad loans linked to fraud that affected investor sentiment regarding US credit quality [2] Trade Relations - A lull in trade war tensions has been noted, with Treasury Secretary indicating a de-escalation in US-China relations and upcoming talks in Malaysia [3] - President Trump highlighted key issues such as rare earths, fentanyl, and soybeans, suggesting a potential softening of the US trade stance, which may reduce the likelihood of the threatened 100% additional tariff on Chinese imports set for November 1 [3] Government Shutdown Impact - The US government shutdown has entered its third week, with ongoing disputes over federal healthcare subsidies, raising concerns about potential impacts on near-term GDP growth, although any slowdown is expected to be temporary [4] - The shutdown has delayed the release of critical inflation and jobs data, with the Consumer Price Index for September set to be released on Friday, which could influence the Federal Reserve's rate decisions [5] AWS Outage - A significant outage at Amazon's AWS affected various platforms, including Robinhood and major companies like United Airlines and Reddit, causing widespread disruption [6]