The major averages rose to start the week to the upside led by Apple and ahead of a big week of corporate earnings. The Dow Jones Industrial Average close 515 points, or 1.12%, higher at 46,706. The S&P 500 rose 71 points or 1% to 6,735 while the Nasdaq Composite

 advanced 310 points or 1.37% to 22,990. The averages are coming off a volatile trading week, with tensions flaring between the U.S. and China once again regarding rare earth metals and tariffs.

Apple led the tech space, up nearly 4% closing at a record high on data showing the iPhone 17 sales are outpacing the iPhone 16 from last year. Apple also received an upgrade at Evercore ISI with a $315 price target. The rest of the big cap techs were more subdued. Micron was up 2% on industry data that showed DRAM chip supply remains tight.

This week will be a big week for earnings from the likes of Netflix, Coca-Cola, Tesla

 and Intel.

The financials continued their upward trend from last week following better than expected earnings from the large cap techs.

U.S. Treasury yields were modestly lower with the 10-year note yield again below 4% as the U.S. economy and the government shutdown enters its fourth week.

In the commodity space, oil was modestly lower below $60 a barrel. Gold rose 3% to a new high while cryptocurrency rebounded

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