·           The Dow Jones Industrial Average rose 0.89% to end at 26,664.4 points, while the S&P 500 gained 0.72% to 3,294.61. The Nasdaq Composite climbed 1.47% to 10,902.80, beating its previous record high close on July 20.

·           The Nasdaq 100 reached a record as traders sought out companies poised to do best in a stay-at-home economy. Apple Inc set an all-time high and Microsoft Corp gained as it tried to salvage a deal for the US operations of TikTok.

·           There was a pickup in M&A activity and analysts say this is a positive sign as it means CEOs are more confident about the future.

·           The US Dollar bounced higher following its worst July in a decade and Treasuries fell across the yield curve as data showed US manufacturing expanded in July at the fastest pace since March 2019.

·           The White House was said to be exploring whether President Donald Trump can act on his own to extend enhanced unemployment benefits.

·           Europe's benchmark gauge rose the most in two weeks after the euro area's first manufacturing expansion in one-and-a-half years.

·           Equities rose in Japan and China, where mainland-listed technology stocks surged on expectations of support from Beijing in response to US moves against Chinese-owned software companies.

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