US investors shrugged off concerns about rising interest rates and a growth slowdown in China on Monday, sending Wall Street stocks higher even as markets in Europe and Asia slid.
The benchmark S&P 500 index recovered from an early dip to close up 0.3 per cent. Technology stocks such as Facebook and Apple were the biggest drivers of the gains, gaining 3.3 per cent and 1.2 per cent, respectively. The tech-heavy Nasdaq Composite rose 0.8.
The S&P 500 has picked up almost 5 per cent from its recent lows hit at the start of the month, encouraged by strong corporate earnings and a Senate agreement to temporarily extend the debt ceiling.
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