Dow Jones Surges 300 Points as Apple iPhone Event Approaches, Cisco Stock Shakes Off Downgrade

A winter wave of COVID-19 may be brewing in the U.S., with many states reporting distinct increases in confirmed cases. More economic stimulus may be necessary if the pandemic worsens from here, but Congress remains deadlocked on the issue. Despite all of this, the stock market was surging on Monday, with the Dow Jones Industrial Average (DJINDICES:^DJI) up 1.05% at 1:05 p.m. EDT.

Tech giant Apple (NASDAQ:AAPL) was the Dow’s top performer on Monday, rallying hard one day before the company is expected to announce iPhones that feature 5G technology. Shares of Cisco Systems (NASDAQ:CSCO) were also higher despite an analyst downgrade.

5G text over earth.

Image source: Getty Images.

Apple surges ahead of iPhone event

If 2020 were a normal year, Apple’s latest iPhones would have likely already launched. But supply chain disruptions due to the COVID-19 pandemic forced Apple to delay the launch by a few weeks. At an event in September,

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NSF selects Sean Jones to head Mathematical and Physical Sciences directorate | NSF

News Release 20-009

NSF selects Sean Jones to head Mathematical and Physical Sciences directorate

Sean Jones

Sean Jones will serve as head of the NSF Directorate for Mathematical and Physical Sciences.

September 29, 2020

The U.S. National Science Foundation has selected Sean Jones to serve as head of the Directorate for Mathematical and Physical Sciences.

Jones has worked as an innovator in the field of materials science; an advocate for inspiring and training the next generation of researchers and skilled workers; and a leader at NSF, committed to institutional improvements that serve the science and engineering community as well as the public. He has served with NSF for more than a decade, starting as a program director in 2009 and most recently heading the MPS Directorate as acting assistant director.

“Sean Jones’s expertise and experience as a leader both in academia and industrial research are rich perspectives that we need as we

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