US stocks closed higher in the first trading session of the fourth quarter after posting a sharp sell-off in September.
Economic data released on Monday showed a slowdown in manufacturing activity. US manufacturing activity rose at its slowest pace in about 2 1/2 years in September, which is likely to impact the Federal Reserve’s aggressive rate-hike strategy.
shares of apple inc AAPL, Amazon.com, Inc. AMZN and Meta Platforms, Inc. METAall traded higher on Monday.
That Nasdaq100 up 2.36% to close at 11,229.73 on Monday during the S&P500 increased by 2.59%. That Dow Jones rose around 765 points to settle at 29,490.89 in the previous session.
All major sectors of the S&P 500 ended positively, with energy stocks posting the biggest gains on Monday.
The Chicago Board Options Exchange’s CBOE Volatility Index (VIX) fell 6.7% to 29.50 points.
What is the CBOE Volatility Index?
The CBOE Volatility Index, popularly known as the VIX, is a measure of the stock market’s expectation of volatility based on the call and put of the S&P 500 index options.
