S&P 500 rises to fresh 9-month high led by Apple: Live updates

The S&P 500 rose on Monday to trade near a 9-month high, boosted by gains from technology giants like Apple.

The benchmark index rose 0.1%, while the Nasdaq Composite traded flat. The Dow Jones Industrial Average dipped 62 points, or 0.18%

Apple stock rose more than 1% to hit an all-time high, with shares last trading at $183.42. The iPhone maker kicks off its Worldwide Developers Conference, where many Wall Street analysts widely expect the company to reveal its virtual reality headset.

Stocks are coming off a big rally to end the week on the heels of a strong may jobs reprt. The larger-than-expected number signaled to some investors that long-anticipated recession may no longer be in the cards for the economy.

The passage of the debt ceiling bill and avoidance of a potentially catastrophic default also boosted investor sentiment, with President Joe Biden signed bill into law late Friday.