U.S. stocks closed higher, with the index creating its biggest daily gain since Sept.

In the early hours of the 13th Beijing time, U.S. stocks closed higher on Monday, led by technology stocks, with the Index creating its biggest daily gain in a month. Investors expect the latest earnings report to show improved corporate results. The two parties in the United States continue to negotiate fiscal stimulus. Democratic presidential candidate Joe Biden has more than 10 percent support for Trump in the polls.

The Dow is up 250.62 points, or 0.88 per cent, at 28,837.52, the Nasdaq is up 296.32 points, or 2.56 per cent, at 11,876.26 and the Standard and Poor’s 500 index is up 57.09 points, or 1.64 per cent, at 3,534.22. The index recorded its biggest one-day gain since September 9, while Apple closed up more than 6 per cent, its biggest one-day gain in nearly two-and-a-half months.

Monday’s poll showed the Democratic presidential candidate leading Trump by more than 10 percentage points. Biden’s approval rating averages 52.3 percent and Trump’s 41.7 percent. Biden’s approval rate rose 0.2 percentage points from 52.1 percent the day before. Trump is down 0.1 percentage points from 41.8 percent the day before.

Analysts say that while polls show Biden’s lead widening, uncertainty remains about the U.S. presidential election, as the loser is likely not to concede defeat quickly.

U.S. stocks closed higher, with the index creating its biggest daily gain since Sept.

The U.S. fiscal stimulus remains deadlocked and the two parties are expected to continue negotiations.

Although the likelihood of the US Congress passing a fiscal stimulus bill before the presidential election is low, markets are still watching. The U.S. anti-epidemic bail-out fiscal stimulus is still in disarray, and the two parties have yet to agree on a new package.

House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin are expected to hold further talks this week on a new round of fiscal stimulus. This follows a number of negotiations between the two sides last week and in the past few months, but little progress has been made.

White House economic adviser Sean Couldlow said Sunday that “the bargaining gap between the two sides has narrowed to some extent” and questioned the need for a stimulus deal, but predicted that negotiations would continue.

Mnuchin and White House Chief of Staff Mitch McConnell said in letters to members of Congress over the weekend that they would continue to consult with Senate Democratic leader Chuck Schumer and House Speaker Nancy Pelosi to try to reach an agreement on a comprehensive bail-out package, though they called on Congress to immediately vote on a limited bill to use about $130 billion in PPP funding.

Mr. Trump urged his team to “scale up,” and in a conversation with Mr. Pelosi, he later proposed a $1.8 trillion new crown-relief package, closer to Pelosi’s $2.2 trillion proposal.

But Mr. Trump’s expanded bail-out was rejected by Ms. Pelosi. Pelosi called the measure “grossly inadequate.” The two sides then accused each other of being responsible for the inability to reach an agreement.

Pelosi said that in addition to not being able to agree on the amount, the two sides are also at odds over how to fight the coronavirus and the people who benefited from the bail-out. She called Mr. Trump’s proposed testing, tracking and treatment a “completely inefficient” plan, but remained hopeful about the negotiations. Mr. Trump later countered that Republicans wanted to reach a consensus and were ready, but were blocked by Ms. Pelosi.

In addition, Mr. Trump’s shift in stance and larger plans drew criticism from Senate Republicans. Some Republicans are uneasy about america’s growing debt, fearing that a deal would reduce the party’s support in the upcoming election.

At least 20 Republican senators have said they oppose the $1.8 trillion compromise offered to Pelosi by the White House.

Senate Majority Leader Mitch McConnell said it was unlikely that any stimulus package would be agreed before the election.

Third-quarter results received attention.

Starting this week, U.S. companies will report their third-quarter results. The big banks will take the brunt, with JPMorgan Chase and Citigroup (C) set to report results on Tuesday. So far this year, the banking sector has fared far less than the broader market. Changes in reserves for bank loan losses in bank earnings, as well as an assessment of the health of customers, are likely to reveal the extent of continued strain on the U.S. economy.

Overall, third-quarter results are likely to show another year-on-year decline in corporate earnings due to the coronavirus outbreak, although the decline may be better than in the second quarter. Economists expect total earnings per share for the Standard and Poor’s 500-stock company to fall 20.5 percent from a year earlier, according to FactSet’s survey data as of Friday.

The third-quarter results were accompanied by a number of potential events that could have caused a market swing, including a breakthrough in the coronavirus vaccine and uncertainty about the outcome of the U.S. election. Analysts at Goldman Sachs said the two events could significantly change the fundamentals of the S.P. 500 and lead them to revise their outlook in their earnings reports.

“Over the next two months, new information about the presidential election, vaccine progress, and upcoming third-quarter earnings will flow together and have a significant impact on U.S. stocks,” Goldman Sachs analyst David Kostin said in a note. But for the recovery of fundamentals in the S. and P. 500, vaccine progress is more important than the outcome of the presidential election. “

Focus stocks.

Apple shares jumped, and the company will hold a new product launch on the 14th.

Electric truck maker Workhorse is said to be close to getting an $810 million order from the U.S. Post Office.

Tesla CEO Musk says he will release a limited version of the fully autonomous driving test next week. In addition, NASA postponed Musk’s SpaceX’s first manned Dragon mission until November.

Beyond Meat will expand the range of artificial meat burgers available at KFC restaurants in China.

Deutsche Bank raised its Twitter rating from hold to buy with a target price of $56.

Baidu has announced the opening of its self-driving taxi service in Beijing.

Other markets.

Europe’s three major stock indexes closed in a different state. Britain’s FTSE 100 closed down 0.23 per cent at 6,002.60, Germany’s DAX 30 rose 0.65 per cent to 13,136.40 and France’s CAC 40 rose 0.66 per cent to 4,979.29.

Gold futures closed higher on Monday. Uncertainty over the US presidential election and the possibility of an anti-epidemic bail-out pushed gold prices to a three-week high. But higher global stock markets have limited gold’s gains.

Analysts at ICICI Bank said: “More U.S. coronavirus bail-out spending plans and uncertainty about the U.S. presidential election are the basis for the rally in gold prices. “

Gold futures for December delivery rose $2.70, or 0.1 percent, to $1,928.90 an ounce on the New York Mercantile Exchange.

Silver futures for December rose 16 cents, or nearly 0.7 percent, to $25.271 an ounce.

U.S. crude futures closed at their lowest level in a week on Monday. Oil prices are under pressure as crude oil production in Libya, Norway and the Gulf of Mexico resumes.

David Madden, uk market analyst at CMC Markets, said: “Supply concerns in the crude oil market have eased. Crude oil production in the Gulf of Mexico has resumed after the hurricane. A general strike by Norwegian oil workers ended over the weekend and workers have returned to work. Production at Libya’s Sahara oil field has also resumed, with an average increase of 350,000 barrels of crude oil per day. “

West Texas Central crude for November delivery fell $1.17, or 2.9 percent, to close at $39.43 a barrel on the New York Mercantile Exchange.