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flag U.S. stocks rose Monday as Apple and banking shares surged, boosting the S&P 500 near its record high.

flag U.S. stocks climbed Monday, with the S&P 500 approaching a record high, boosted by Apple's 3.9% surge on iPhone demand optimism. flag The Dow rose 515 points, and the Nasdaq increased 1.4%. flag Cleveland-Cliffs soared 21.5% after its CEO teased a global steel agreement and potential rare earth deposits in Michigan and Minnesota. flag Banking stocks rebounded as smaller lenders shook off loan risk concerns. flag Amazon gained 1.6% despite a global cloud outage. flag Investors are closely watching upcoming earnings reports from Coca-Cola, Tesla, and Procter & Gamble, following a 35% market rally since April. flag Delayed government data is increasing reliance on corporate reports, complicating Federal Reserve rate decisions. flag The 10-year Treasury yield fell to 3.98%. flag Global markets also advanced, with Japan’s Nikkei up 3.4% and China’s economy growing at an annual rate of 4.8%.

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