Stocks Surge as Dow Gains 500 Points; Apple Holds Event to Unveil New Macs
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Stocks surged Monday with the Dow gaining over 500 points. Big tech stocks joined in the rally.
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On Semi was the S&P 500's worst performer after its fourth-quarter guidance disappointed. The stock was down 20 percent.
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Apple is planning a mysterious launch event later Monday expected to show off updates to its Mac personal computer lineup.
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The Dow jumped over 500 points as oil futures slid. Israel's advance on Gaza has taken a measured approach so far.
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All 11 S&P 500 sectors were rising, though real estate was lagging. Communication services and financials led the way.
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ON Semiconductor shares plunged 20% as traders reacted to the firm's earnings outlook which missed forecasts.