Dow Jones Jumps 200 Points; Apple Buys Mobile Payments Start-Up; Microsoft Interested in TikTok's U.S. Operations

The Dow Jones Industrial Average (DJINDICES: ^DJI) was surging on Monday, up 0.93% at noon EDT. The gain comes despite uncertainty over the trajectory of the coronavirus pandemic and the stimulus bill working its way through Congress.

Shares of mega-cap tech companies Apple (NASDAQ: AAPL) and Microsoft (NASDAQ: MSFT) were helping to drive the Dow higher. Apple acquired a mobile payments company late last week that could expand its presence in the mobile payments arena, and Microsoft is working to acquire the U.S. operations of social media sensation TikTok.

Image source: Apple.

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Source Fool.com